Yup guys as I've often asked elsewhere, if the cas
Post# of 9903
Posted On: 09/07/2013 9:57:03 AM
Yup guys as I've often asked elsewhere, if the case is ongoing, why hasn't BGL filled any new papers in over two years? Interesting huh?
Also, as I've also often said, it seems most likely to me that MSJ transferred SRGE's assets back to themselves when they were 100% sure that there was no chance that BGL could win the case.
Interestingly, I just thought of something else - think about it - it was pretty well exactly 18 months after the August 2011 judgement was handed down by the Mexican courts that the SRGE assets were transferred back to MSJ..
That judgement in the Mexican Courts was against BGL, who were trying to register the disputed assets in their company name. The court FLATLY refused them permission to do so.
It seems to me that BGL had 18 months after that judgement was handed down in August 2011, to lodge an appeal. When they did not file papers, MSJ knew there was no way that BGL could win any action in the Mexican Courts, so transferred the assets back to themselves.
Rjbluesky, Energy Wave, Bigmoneytrader, JBZ, bearkiller, Ximon, FrankMD, Jaime, Lionshare, Momoney, tob - plus anyone else I have forgotten, you are all my investment buddies.
Everything we can find points to the fact that news and the price will start moving back up soon. Between us we have pretty well locked up the float. Why will SRGE shareholders be compensated - two reasons
1) There are some very powerful Mexican people who are shareholders of SRGE. I believe at least one is a Regional Mexican politician. If MSJ do not compensate shareholders, and still want to develop their mining properties in Mexico, how many mining permits do you think anyone would ever grant them again? Probably none!
2) As tob has said and I have posted as well, if you want to do business and borrow money on the capital markets to develop the mines, you don't just leave the old shareholders in the lurch if you are expecting to issue equity in exchange for development capital, do you? Nobody would ever lend ANY money to you again, ever, in case you just transferred the assets somewhere else.
SRGE Long and strong.
Also, as I've also often said, it seems most likely to me that MSJ transferred SRGE's assets back to themselves when they were 100% sure that there was no chance that BGL could win the case.
Interestingly, I just thought of something else - think about it - it was pretty well exactly 18 months after the August 2011 judgement was handed down by the Mexican courts that the SRGE assets were transferred back to MSJ..
That judgement in the Mexican Courts was against BGL, who were trying to register the disputed assets in their company name. The court FLATLY refused them permission to do so.
It seems to me that BGL had 18 months after that judgement was handed down in August 2011, to lodge an appeal. When they did not file papers, MSJ knew there was no way that BGL could win any action in the Mexican Courts, so transferred the assets back to themselves.
Rjbluesky, Energy Wave, Bigmoneytrader, JBZ, bearkiller, Ximon, FrankMD, Jaime, Lionshare, Momoney, tob - plus anyone else I have forgotten, you are all my investment buddies.
Everything we can find points to the fact that news and the price will start moving back up soon. Between us we have pretty well locked up the float. Why will SRGE shareholders be compensated - two reasons
1) There are some very powerful Mexican people who are shareholders of SRGE. I believe at least one is a Regional Mexican politician. If MSJ do not compensate shareholders, and still want to develop their mining properties in Mexico, how many mining permits do you think anyone would ever grant them again? Probably none!
2) As tob has said and I have posted as well, if you want to do business and borrow money on the capital markets to develop the mines, you don't just leave the old shareholders in the lurch if you are expecting to issue equity in exchange for development capital, do you? Nobody would ever lend ANY money to you again, ever, in case you just transferred the assets somewhere else.
SRGE Long and strong.
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