Midnight , Drake was the “ tightly held”” smart money” the cornerstone of many of these threads - I think you’ll Agree that anyone asking about this company was probably told if drake were in there, they know what they are doing more than anyone questioning the business .
That aside - they gifted almost 50 percent of the company to a charity - 196,250,000 shares ! In what some claim ( I think it’s fair to say yourself included from your posts) the worlds largest gold deposit - gifted for a once off up to 30 percent tax deduction ,that’s not good for those left on the register imo
Unless it’s some sort of charity that loves investing- I’m sure they it can’t continue thier good works with non income
Producing share certificates-they need cash
I’d be very worried about a monster overhang of the stock- if it’s transferred from polar opposites , the tightly held smart money owning the majority to the biggest gold deposit in earth to the , i got them for free and need cash for my charity causes—
I suspect they will continue to sell them to raise as much cash as they can at the continual expense of holders
I guess if you had a capital gain and there was no liquidity and you wanted out - what an ingenious was to realise the profit off market- take it off your tax bill—-seems like a smart move by them to exit quickly at fair value
Anyway- if that’s the case I’d be cautious putting in a bid or holding until they had sold thier free shares and seriously questioning , why drake would sell almost 50 percent in what some ( including yourself)claim to be the biggest gold deposion in planet earth for a once off tax deduction.
BBX Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
