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What is probably more threatening to the top down aristocrats, “giving back” by tinkling wealth on the unwashed masses, is I actually have visited Wall Street, from the supply side, in search of capital investment to build a basic business. Many of the firms I visited, looking for $3 million for a geologist recommended diamond drill program to prove up $200 million (see SilverMiningClaims.com), have gone bankrupt. No wonder. Authur Anderson seemed to have had problems understanding accounting. I was asked to put $3 million upfront, to fund an IPO, and 395,000 ounces of silver in surface deposits, to raise $6, or, 8, or ten, or more million to fund the already costed-out $3 drill program. As an out-of-towner mugged by white collar criminals as the inside trader named Merrill, who should be Lynched, I suggest to the NYSE your residual worth as a tourist attraction has increased by adding a statue of a bear alongside your bull, and hog, and dragon —signifing you eventually will qualify to trade on the Shanghai exchange. However, I feel from the mining investment point of view, the futures market elephant blocking exchange traffic needs to be explained. The full story of how I ended up depending on a British Columbia “junior” listed on the Canadian TSX exchange as CAF to raise $3 million from an unsuspecting public for funding drill program, only to see the stock fall from 45ç a share to .001¢, as the president who “took-over” control decided African coal, then gold, then diamonds was a better way to eventually take it to .011¢, is online elsewhere. I apologize to any mineral investors readers for my brief explination who thought I was in control of the situation, what happened to their money. |
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