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Strategies & Market Trends : Conversion Solutions Holdings Corp. - A Scam?
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To: Done, gone. who wrote (1629)10/11/2006 9:05:02 PM
From: Diamond Daze  Read Replies (2) of 4624
 
Ahhh Bre X and the several other scams cost me a fortune. No one could raise money for mining projects for years. Dozens of companies folded up on the VSE and MSE exchanges. Indonesia threw out or taxed mining firms 10% of the minerals with the exception of BHP. Company I was involved with had a JV with Glamis and I should have been able to retire, Glamis pulled the plug shortly after BreX. No one would remain in Indonesia, rumor was hundreds of millions lost by the President and his children. There were two more right after BreX I cant remember the names at the moment. I watched a program on a fellow who had bought like 250k of BreX at .15 cents and sold all over 200 bucks. He thought it was real, thats why they threw the head geologist out of the helicopter.
If I could go back to that day I would have sold every share in mining companies I held and preserved what was left.
Significant difference here is short stock to the tune of 75 million shares. If they bought the float plus 20 million more than who are they paying the buyback to? Themselves. I dont care where they get the money from to do a buy back or a reset. They own all the shares plus a wack more. If there is a naked short position as described tuff luck.
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