'Me thinks he's getting some stock or has gotten stock under the table. JMO'
A serious charge ... proof of this would lose him his job, for sure, and it would damage the industry ... i kind of doubt he is doing this, because it would mean he had lost sight of his own long term interest, more likely he's just been flattered into it, glad-handed by you know who, and of course the first phases of promo have gone well, so it becomes a self-fulfilling cycle, quite rewarding to the cyclist, for as long as it lasts .... but i hope US and canadian agencies are investigating the possibility, in all such cases, because if they miss one and it gets away, costing widows and orphans big bucks, millions of fingers will point again at the resources sector .... doesn't matter that people are themselves to blame, for getting into stuff about which they know nothing beyond what one individual supplied for a ticker and all tarted up in florid prose
'Look at how frothy he gets describing IVAN'
Absolutely ... were i his mother or brother or something, i would take him aside and say hey, wake up, you are sticking your neck out way too far with this stuff, it would be in your interest to point out some of the problems and difficulties in these plays, as well as the Glorious Potential If As And When All Eventually Goes Well
'And keep in mind there's a historical record of Friedland paying people to (illegally) promote his companies...'
I wasn't aware of that, actually ... got any links on it?
Your strongest point to date, imho, is toward the end of this post - #reply-19486565 - where you point out that they need a lot of cash that they don't have yet in hand ..... and getting that cash will lead to dilution, more equity out and/or more debt incurred .... the most common mistake of novice resource speculators is to ignore this very thing, that all development stories need cash transfusion constantly right up till they finally produce cash flow from the property, which takes years .... which is part of what is meant by the expression 'mines are made not found' ... mines, or big gas plays or whatever, are made largely by promoters, who bally-hoo the virtues of the project until hopefully the quantity of cash received for paper is equal to the amount necessary for development
And that's what's on the way to happening here, so far .... yahoo gives shares outstanding as 156.69m, so six months ago the market cap of ie/ivan would have been around cdn100m, now it is somewhat over cdn1,300m ... so they are on the way to raising that cash, they are cranking it into a financing of some sort no doubt ... then with cash raised, should they be successful in applying that cash to business and actually make money way down the road, hype will have become reality
Stuff of which dreams are made ... he did it with dfr.v didn't he, people are thinking .... don't forget that Friedland has considerable wealth at his disposal and can fudge things one way or the other, in a crunch, he could finance the entire Sunwing thing himself for instance .... actually i think you've chosen formidable opponents here, Pluvia, you must like a challenge, or something .... good luck with it, for now i'm not betting either way ... cheers |
