You know, just to put in my two cents on the news that came out today, the reason I bought more today (even though I swore after IPM I would never put another dime in a desert dirt) is because (1) 30 million is a sh-tload of money, and nobody puts up that kind of cash unless they expect to get it back, with interest; (2) 30 million should virtually guarantee MXAM's solvency for the next few years, (3) the funding comes at zero share dilution, (4) it is collateralized by the very property, and the very shares, that will be worthless if MXAM does not pan out, so go back to number 1.
Obviously this cash cow liked what ever MXAM showed it. Also, keep in mind that the pledged shares are now tied up; i.e. they can't be sold, until MXAM repays the money. FWIW
Best regards, Otter |
