Post by
LOCKDOWN on Dec 28, 2020 7:10am
GNC NEW RUMOURS
There is a rumour that GNC drilled some holes at LAS Margaritas and used GNC share holders money to do so .GNC is not releasing any results on the cores and they are defaulting on the option agreement by design and transfer the properties to another company that will hold the cores and property for their exclusive benefit,the reason that GNC never raised money in this amazing gold bull market is they would not be able to technically allow default on Las Margaritas and steal the property from GNC investors and leave us with a delisted shell.(NICE PEOPLE) SAD I am told that this is not an uncommon practice in this sector among certain high net worth people .It
would be in peoples interest to research deeper into back ground practices not known or understood by naive retail investors.The public manufactured persona of some of the people heaviy involved is not what it appears .An old wise friend shared these insights with me .thought I would share them with everyone .Time will reveal the TRUTH.God Bless and may TRUTH prevail.
Comment by
SovereignIntel on Jan 05, 2021 3:21pm
who is the source of this rumour? I find this highly unlikely. I will continue nibbling at these cheap prices, time will tell but I am betting this is a turnaround story for 2021.
Comment by
lumpy13 on Jan 05, 2021 5:54pm
GNC has been a big disappointment for me (a holder of a few years now), as mgmt has done a horrible job of developing their projects. According to their website their last update was 1/8/20! In the meantime, the compamy has been burning cash. Are they finally starting to do something? I'll believe it when I see it.