This just has the feel of a death grip on a chalice of hemlock. These leeches need to go but they want to take the organs from the company's carcass if they are forced out. So they raise 1.5million and put their talons into 2/3rds of the financiers cash, leaving half a million to set up a tungsten processing facility, no cash flow, and dealing with mezzanine finance at 20%......how to light the fuse on a slow burn demolition. I am mesmerized at the prospect of this unfolding but part of me wants to see the rabbit come out of the hat and not just a hare from my ass. And they said " margin call "was an insightful movie.....this cabal has taken it to a new level.
HAZ Price at posting:
6.4¢ Sentiment: None Disclosure: Held