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Message: Grand theft about to happen

Grand theft about to happen

posted on May 02, 2009 06:03PM

Actual market value is a little over $11 million and they have about $35 million in cash and diamonds .

Shares were over $0.50 last year for a market value of around $120 million !!!

And i'm not sure if i dreamt that or if i read it somehere but i seem to recall they turned down an offer at 90 cents a share to sell early last fall , if anyone here remember i'd appreciate an answer or reference.

In any case in a year ot two it could be worth between $150million and $250million .

Right now the S/P should be at least 3 times the present value based only on cash and diamonds in hands add up lands and equip. and so on and right now if sold it should easily fetch $70 to $80million even in today's depressed market .

No wonder pala wants to abolish shareholders right

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