RE:RE:RE:RE:Pmet 22,50$ per shareWhether they a complete sham like BRE-X remains to be seen.
Can only hide behind the eagle, shield and stars for so long.
CRE knows that when an investor is named (or more than one) it is because the numbers add up, the resource is there, the deal makes sense, the need is great, the end products are already in mind, the people are hired, the plans are written up, the lawyers are happy (enough) and it is Go-Time.
At PMET, right now if I was a shareholder, I would be left with the feeling that I just got a cash injection from someone who doesn't care. In fact they may benefit more in the great Tax Sham that is FTS if the grossly inflated price they paid per unit (and got the tax break for at that big price!) actually tanks so that they can get the tax break on the losses.
I would love for a tax specialist to weigh in on that logic. They just strike me as dirty deal money. Meant to extend the life of a company with no money, no prospect of money any time soon, and a very thin layer of veneer hiding the fact that they are a pumped up balloon. The real shareholders are just pumping air in each other's faces.
HIBL