RE: Money for NOTHINGhave to agree 100% with Stoxxy on this one! Never ever heard of this kind of a rip-off before! I am shocked that the securities commissions allow them to get away with it irregardless of whether stockholders approved or not. Did the majority of the minority stockholders approve?
And Gobbly the NSR comes right off of the top of any revenue received from the smelter. If they receive $10,000,000 from the smelter for their product after smelting charges, these guys get $350,000 before any development costs or anything else are paid. If it costs the company $11,000,000 to produce that 10 mil they still have to pay out the $350,000 to management.
This is pure BS. Have these guys not been following what has happened with Tyco/Koslowski and all those other crooks? What percentage of the company does management own now? Do we have a new definition of the word greed? No wonder people have been dumping their PLY shares!