But looking at the posts and seeing the Flegg/OKAP connection I think it is timely to repost it here.
"Those that have been involved in any of the associated stocks will recognize the "Pass the parcel, c-note, placements, debt instrument, asset" method of funding.
The same people keep bobbing up everywhere.
Here is the formula:
They announce the acquisition of a major asset or package of marginal assets from a well masked associate. The asset/s are valued a some unbelievable figures, and they have got it at a really good price (honest).
They buy a company that owns the asset, not the asset directly otherwise vendor restrictions would have to apply to the issue of shares.
They headline a big CR placement at a discount.
Massive facilitation fees and options.
Generate the forum hype with a few well placed bonus stock believers,
Dump the stock on market.
On and on it goes, 10 for 1 reconstruction, 100 for 1 reconstruction, raise money, dump stock, raise money, dump stock.
Get the drift.
They blame the GFC, Coal Price, Oil Price, Silver Price and the mother in-law.
The only problem they have a the moment is getting new money into the system, the market is dead, and enough people are starting to listen to people like kiwi67.
Cheers "
If only shareholders had seen that advice at CCC and NKP +CTR when the ramping started.
RB
IGS Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
