Re: Jan 24 gold production

 

Post by 8thaero » Sat Jan 25, 2020 3:49 am

I see a rather total misunderstanding of the Lode failure to profit. It was due NOT LODE but the conversion from GSPG by original 200-1 reverse due original ’04 toxic lending from Winfield’s Portsmouth Sq financial group. Mgt refused to bite the bullet and authorize the 3 billion shares needed to convert the preferred shares awarded instead of cheap shares arranged by Winfield’s BoD. Never produced enough to cover the reverse into profit and forced later convert the preferred in shares decimals WAY below any original Mar ’03 .11 GSPG and a later 20-1 R. Mexus CEO is smart to simply bite and authorize about same 3 billion needed for wiggle room to get into profit before any reverse. Where I conjectured up msg bd financing to raise $9 million to buy the Plum and American Flat facility. No more left to raise and CFO turned to 20% Winfield Gp and the tale down hill began with US and AZ court fights til mid-07 killed any possible gains long into a increasing poor future now. Is no
great claim to fame but it also got us all this far in the repeat. GORO success? Bill Reid was a fantastic respected Denver rubber chicken circuit
speaker and I was not needed to help find some cash. I was allowed to offer on line .25 pre IPO 2004 shares with one taker a friend, died with a cool million. Did later assist many cash out big from ’06 IPO $1. Close a mea culpa as I can get from Tale of 3 cities best and worst of times. 8

Leave a Reply