Hey, I'm not degrading anyone. But I've seen those documents and, quite frankly, the deal looked fishy. I am giving CSMA the benefit of the doubt that they hadn't seen all those documents prior to signing the LPS deal.
But Boner, I saw assignments of ownership for Sea Soil that start with one company , valuing it at 180/ton, and later, a SAME DAY agreement assigns it to another party with a value of 450/ton.Tell me what is going on there?? The certificates of ownership look suspicious as well. My understanding is that the first purchaser(NaNu) did not acquire free and clear title from the original owner. Thus, all future assignments are void. Perhaps that original owner will be part of this whole drama and can help sort it all out.
The product may or may not have value but my understanding is that transportation costs make it prohibitive to deliver it and still make a profit. If customers want to go and buy it and pick it up themselves, then I'm sure it can be somewhat profitable.
I don't know whether you all were unwitting investors or knew about this. If you were taken, rest assured, I certainly take no pleasure in that...I was taken in as well. If you were a knowing party to this deal, then take your lumps.
TG |
