Penn Bioinvestor

Jeffrey Christian: Foreseeing Bright Days for Metals

Here is a post at yahoo board:

I warned you all months ago when SIL management told you the company was bankrupt, but everyone said I was crazy. Even though it was stated clearly in the finacial statements of the company.

Now, SIL management has said they are not only bankrupt but will be filing for bankruptcy in order to close the sale to Sumitomo, but no one seems to listen.

So answer me this. Why does anyone hold this stock. It is worhtless. SIL management has told you their plans to file for bankruptcy in order to close the Sumitomo sale. So why do you hold a stock that is worthless????????

The non-binding letter of intent is subject to significant conditions, including completion by Sumitomo of diligence, the preparation of definitive documentation, the approval by the board of directors of each party and the restructuring of the mine's project finance facility and metal derivatives positions and Apex Silver's convertible notes in a voluntary reorganization under chapter 11 of the U.S. Bankruptcy Code.


But I know you won't heed this warning either. You will hang on even through the bankruptcy and watch your shares go to zero.