Yes you are absolutely right: the sale of Rincon was a financial disaster for shareholders, but don’t just blame only Admiralty: other characters played an even more sinister role – see Trevor Sykes comments about OPES in Chapter 6 of “Six Months of Panic” and don’t forget that one Anthony Blumberg was one of Admiralty’s directors and owned 80 million shares in it. At the end, Admiralty only way out of bankruptcy as to sell Rincon to Peter Cassidy’s Sentient Group LLC who still runs the project – now throughout its fully owned subsidiary Enirgi Group Corporation.
Cassandra, qui non crediderunt
ORE Price at posting:
$2.34 Sentiment: Sell Disclosure: Not Held