Russian Crooks
posted on
Apr 15, 2011 08:24AM
I sold my little 8000 shares back at 49 because a wise person once said;
"you can have the best mine and resources in the World, however if they are managed by crooks you will never do well and you could lose all of your investment."
This story got uglier and uglier the more information came out. Now look at his best friend in Russia, buys something for $30 million and says it is worth $3 billion. These guys played monopoly way too much as kids.
They will need to suck in investors to finance their projects going forward. They have NOTHING in production, therefore zero cash flow. What do you think they will do with CMM? They will suck out all the cash they can for themselves. If investors wake up and basically not buy into their scemes they will have no money to put anything into production. Who knows, maybe those guys are selling those warrants they purchased at 30 cents recently into the market. Take the money and run.
Good Luck to all of You, but this one is way to weird for me, and their is no mentality in these guys brains for growing shareholder wealth, only their own wealth.