reposting my post here because such posts explaini
Post# of 8054
grandiose expectations are the rule from what i've seen in pennies
some pennies ceo's predict millions in revenue when they don't even have a product or a license and no foreseeble way of obtaining equipment even if they had a product
Bob had the equipment(though custom processor was delayed for months) the concession and export license and the ore was mined-but he had never shipped before and encountered significant shipping shark games resulting in delays,as explained in detail before,iron had never shipped out of baja before and so confronted port games,and mex govt kept changing rules due to illegal mines on the mainland,and the jv went sour due to jv partner allegedly withholding the millions of profit from CWRN necessary to keep things rolling unhindered
its normal for startups to run into problems,which is why the great majority fail,especially under an admins seek and destroy business policies
i was in other miners who had e.g., previously approved permits revoked(under political appointees orders) and had to face so many obstacles from the 2009-2016 admin that they could not overcome those deliberate obstacles-the politician behind those "business must be destroyed" orders had been the most liberal anti-business politician in the entire congress, but he had such a silver tongue that many in the electorate never understood that or the policies that followed