Four Ways to Value the Stock Market; Shareholder Rape; Mal-investment Lunacy

Chick Magnet

 

 What is the Real Value of the Stock Market?  This:

Nominal Stocks

or this:

Stocks in gold

 

Four Ways to Value The Stock Market

http://mises.ca/posts/articles/four-ways-to-value-the-stock-market/

Case Study in Management Rape of Shareholders

from: Bob Moriarty Archives   May 7, 2014

In 13 years running this website and visiting dozens of projects yearly I have run into every sort of charlatan, crack addict, drunk and all-round scam artists among the legions of fools who believe they can run a mining company successfully. In most cases, they have been lucky enough to collect absurd salaries long enough before the abused shareholders toss the bastards out.

Write these names down and keep them handy. If you ever see them associated with any company you are considering buying, prepare yourself to be raped. Ian Rozier, President of Newport Exploration, Barbara Dunfield, CFO of Newport and David Cohen, Director of Newport. What they pulled on Newport Exploration wasn’t just your typical screwing shareholders that we all expect on a regular basis, they raped Newport shareholders on a continuing basis.

I would describe Newport Exploration as pretty much a shell company. In November of 2010 they entered into a JV with another pretty much shell company named Reva Resources. This action can be considered one of the first examples of rape since two significant shareholders of Reva are directors of the Company. So in essence, directors of a shell company with enough cash in the bank to pay salaries to people for doing nearly nothing does a JV with another shell company that they just happen to own much of. If you are kind you can think of it as a sweetheart deal.

As a result of the unannounced press releases detailing the royalty payments, Newport shares were trading on the open market for $.04 a share while management knew that they had $.17 in cash at the end of October. In effect, company A paid themselves in company B shares worth four times as much in cash as in the open market because nobody reads quarterly reports from companies not doing anything. So the real issue is, was this a conflict of interest between the interests of management and the interests of shareholders and what exactly is a material disclosure? I think both questions are easy to answer.

Read more: http://www.321gold.com/editorials/moriarty/moriarty050714.html

The Current State of Mania

Junk Bond Mania

Embracing Leverage Again http://www.acting-man.com/?p=30331

MI-CC732B_CLO_J_20140504170904

Mal-Investment Lunacy: http://www.acting-man.com/?p=30313

Outsider CEOs (Skilled Management vs. Shareholder Rape)

A Great blog: http://student of value.com/notes-on-the-outsider-ceos/

returns-of-outsider-ceos

One response to “Four Ways to Value the Stock Market; Shareholder Rape; Mal-investment Lunacy

  1. The securities offered (and any underlying securities, as applicable) have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
    Read more at http://www.stockhouse.com/news/press-releases/2018/06/25/anaconda-mining-completes-first-tranche-of-4-5-million-non-brokered-private#UpYc9QKSj2Ibz4Md.99

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