vargas,
No disagreement about getting the facts. I'm fully on board with you on that point. Getting Darlene's opinion now that things seem as bad as they do is very legitimate. I'd like to know as well. But as I said in my first post, I wish we were all privy to the info & status reports the JV is getting. Darlene is only one source. The best source is from BCMD mngmnt. I don't see how you can get anything from them if they choose to keep silent.
My first post was to try to see if a legitimate scenario could be found that would be both consistent with the story & the current facts as we know them. While it's a stretch, my belief is that something like what I posted is what is happening. Ask yourself the following. Why would the JV be giving money, up to $16 million, and all the gold belongs to current shareholders until all $16 million is spent? Seems, they would be more likely to agree to get gold verified, identify sources etc. Then get 49% when gold is actually moving to the bottom line. Part of the facts are there is a JV who's pouring money into what seems a dog (unless the JV story is an out & out lie along with the reports of current payments).
I'm not an incurable optimist, (I can be cured) what is happening is concerning and even threatening. Never the less, some of the list of facts as I see them are:
1) The story. (True or not it's a great story)
2) The JV exists. I can't see what is in it for them if they are part of a scam. After all, the only value they get is from the stock price (if that is wrong, please advise).
Chapin should be getting at least some input from Lionel about the temper of the thread. Maybe Lionel wont see all this & has put it off till Monday, then a day or two to notify Chapin, and develop an answer for us. I'd say if we don't hear something by Wed/Thurs at the latest we'll have a right/an obligation to get answers. It may well be that Lionel's in-box is filled with e-mails already & we'll get an answer by late Monday or early Tuesday.
Market cap of 100Million; about the time I bought. hmmmm, Your right, I never thought of that. Good point. Still learning.
vargas, I'm not trying to convince you or others of my idea, just letting you see my thinking. But you & the others are right, we need facts more then speculation, mine or others. And we deserve an explanation.
Long BCMD; concerned but still long. LarryL |
