The only comment I have for Carson's report is , what the hell is he smokin!!
Well put, Chief. Actually the Carsons, Bishops, etc. are the people who made most of the money on KRY, not by investing in it, but by selling their fantasies to novice investors who don't understand mining or Ven. law. Reminds me of the gold rush - the big winners were the saloon keepers, etc. who catered to the dreamers looking to strike it rich. So I guess from what I've read, Mr. Bishop will be packing it in as promised - yeah right! Wonder what twist of logic he will use to get himself out of this one!
This one smelled bad from the beginning. Too many negative indicators, both financial and psychological. Too many dreamers pumping the thing. Too much cult behaviour, especially at SH. Too much insider selling. Too much brokerage selling (Whalen B.). Too much legal confusion about the nature of the court case. Too many Fungs and retired ambassadors on the board. I would have been extremely surprised at any other outcome.
Sorry for all the innocents here who got nailed, but it's happened to all of us at some point in our lives. Hopefully you learn to be more skeptical of strangers who promise you the moon and tell you you can't lose. It should be very entertaining to read the explanations provided by the KRY cheerleading squad, although I'm sure many of them have moved on to greener pastures with the money they made on this one. |
