MERGER = BANKRUPTCY
posted on
Aug 17, 2011 11:22PM
WITHOUT PREJUDICE
Like everyone else, I've been exposed to the multitude of posted comments over the past year +. We have weighed pros and cons of what has been going on, CSC actions, Stock Igloo news releases, Agoracom, Stockhouse and on and on.
And then I had a "EUREKA" moment…….
If this merger goes through, by the time each step of the Finskiy masterplan is implemented our shares will continue to degrade in value approaching what they would be worth in a Receivership (Bankruptcy)...... nothing !
Consider this. We merge with WTG and our share value declines. Now you start introducing EcoMetals, Zaruma, Intergeo (and who knows who else) from the Finskiy Masterplan and what do you have?
Each step along the way the same type of shenanigans that we have observed with WTG/CMM also take place… bolster bragging, equipment failures, loans, revised resources, legal fees, Directorships and C.E.O.'s changing on the fly, losses, options for non performance, Private Placements and on and on. To this illiquidity could trap us as we are seeing with WTG.
Doing some hpotherical but reasonable math……
.4:1 WTG X .4:1 EcoMetals X .4:1 Zaruma X .4:1 Intergeo
= .0256 = 2.56 % of what we started with originally and this was only along 4 steps of merging.
(Note: I accept that my .4:1 ratio at each step of the way is just an example. What is important here is the "formula" not the answer.)
And all the while, the $15,000,000,000 worth of gold in the ground is being mined and used to enhance or prop up Finskiy assets and activities which are beyond our reach.
We have been tied up mentally in the wherefores and whereas's….. but when you simplify the reality down to what is really going on……. it is simple to realize that
MERGER = BANKRUPTCY
i am of the era of blackboards and chalk. I was a recognized professional "line writer" in class …… "I will not talk in class, I will not talk in class" + 98 more.
To CMM minority retail shareholders……. for homework you are to write out 100 lines of
MERGER = BANKRUPTCY
MERGER = BANKRUPTCY
MERGER = BANKRUPTCY
MERGER = BANKRUPTCY
MERGER = BANKRUPTCY
MERGER = BANKRUPTCY
MERGER = BANKRUPTCY
………………..
Post Script…. I realize I've used levity and humour to get my point across. However, when you simplify the reality of what is happening right now and what will happen in the future, it still boils down to ……..
MERGER = BANKRUPTCY