Comment by
Zibo510 on Jun 14, 2024 12:05pm
I put zero credibility to the value of 125K purchase price. This is not an arm's length transaction. This deal has been cooked up by insiders and 100% financed with zero money being put up with a price based on a guesstimate of future revenue. The markets reaction to this deal says it all.
Comment by
Bucketshop on Jun 14, 2024 8:52pm
CMC is a $0.02 cent pipe dream. The stock markets have been on a roll for 4 years and this piece of toilet paper has not!! Please do not compare this disaster to anything resembling an absolute business. Going nowhere, !!
Comment by
Differentfleas on Jun 14, 2024 9:15pm
The short position is 57000!! All the money has been made on this PIG!! You pumpers have an agenda......To guarantee to lose money.
Comment by
oilcan2012 on Jun 15, 2024 3:31pm
Would it not be prudent to obtain an external valuation and are you certain they did not?
Comment by
lscfa on Jun 16, 2024 8:11am
Conveniently omitted the ebitda generated on the $18M revenue from the plant. Must be low if not willing to disclose.
Comment by
oilcan2012 on Jun 16, 2024 10:03am
That they now have an asset producing revenue and provide a springboard for scaling up is celebatory. Any mention of CPKC would have required an approval, that being a more than suitable indicator for momentum. Would you prefer bankruptcy?
Comment by
Zibo510 on Jun 16, 2024 9:50pm
The 18M year gross revenue is a guesstimate. The 7.5 million yearly interest payment on the 125 million mortgage is a guarantee, plus all operating costs / expenses. Better hope the revenue is as expected.
Comment by
B2moist on Jun 17, 2024 11:49am
And.... the 18M revenue grows to 100M revenue once they complete the remaining plans reach full production. Debt repayments are being structured to meet the growth pattern of the company through interest only commitment for the short term. Pretty pathetic analysis for someone to simply pull out 2 numbers from a press release and make a terrible assumption/ignore the rest.
Comment by
Bucketshop on Jun 17, 2024 9:20pm
AND.........its a $0.02 cent disaster that since this GREATnews has declined!!
Comment by
Bucketshop on Jun 18, 2024 3:42pm
Great point. There are NO legitamite shareholders. Insiders own less than !%. no institutions own this and and would not buy it anyway. Thhis is still, has always been and will always be a classic VSE failure. Nobody is interested,hence the pathetic volume and price. But you continue to belive that this will one day be something....
Comment by
Bucketshop on Jun 18, 2024 7:01pm
016 I wasnt aware you had to be a cheerleader to post here!! Go back and read what i have said and you would not be holding this piece of toilet paper,,I GUARANTEE you that there are NO unstitutions, No big investors looking at this fiasco..Wasnt RJ the head of Renewable?? The stock(if you call it that) is a $0.016 piece of wallpaper that will drift off into the sunset as a ZERO!!
Comment by
oilcan2012 on Jun 15, 2024 2:48pm
What it does do is prove that there is life after death. Kudo's to EVERYONE who was able to solidify the Rock Mountain transaction whether those be insiders, outsiders, Martians or MoonWalkers. It takes a ton of resolve to turn around what became a nightmare and put the company possibly on a trajectory to provide shareholders with a hopeful win.