Think you've summed up Segue pretty well. MMG sure is the elephant in the room but lack of news is certainly concerning.
In regards to all the other projects, I initially thought it must have been some new style of strategy. Find potential leases, do a little soil sampling, maybe even RC drilling, prove them up a bit and look to farm them out. If SEG ended up with half a dozen projects with a 10-20 percent interest in each - bingo. The farm out deal with MMG, and later Zeus, got me to thinking that perhaps this is what SM is up to, but when he asked shareholders for a bonus, I started getting a little suspicious. He already has a huge salary for what he's delivered and my thoughts changed. I just think SM's afraid to commit to anything because the financial drain might be the end of his company. This is all my opinion only but it's the reason I pulled out.
I see there is a trading halt for a capitol raise. I could be completely wrong about SEG - I hope so for the sake of a friend who I talked into buying shares and she still holds -, and maybe SM gains some focus and SEG fund a drilling campaign that finds the next Tropicana. It will be interesting to see how much interest SEG gains in this CR. I hope for everyone's sake here it all goes well but I've lost faith in SM, although I'm still as impressed by JP as I ever have been. Now there's a man with focus in my opinion.
Anyway, just sharing a few thoughts. Chat soon,
Cheers,
Rhama
SEG Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
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