Well the market cap on this company is $1.54 mill and if you believe the company $4.9 mill is about to turn up due to asset sales but then the company is being sued for $5.11 mill by Arena which if successful would make the company broke but the company has a $17.3 mill counter suit against Arena which if successful would have the company rolling in money. Now even if the company was rolling in money what is the chance of share holders ever seeing a cent? Heres a clue this company announced that it was going to sell rubies that the company had and that the grade of these rubies was 100 carets but when the sale happened it was 6 carets. Heres another clue, this company announced that it had found special stones each worth a small fortune but at some stage these stones just disappeared without explanation. Heres another clue, this company promised to do a Capital return directly to share holders but after a year this promise was withdrawn
On a personal note I have invested in this company and now only hold so that I can sell and use the loss as a tax offset.
Position Held : Sentiment You would have to hold a gun to my head to get me to put one more cent into this company.
Why are there buyers well obviously some like a long shot bet one I would advise against.
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