BP could lose Rosneft under Russia's new laws and have that forfeited overnight. BP is toxic anywhere over $30. Now another 18bil drained out of equity which was paltry to begin with. As long as oil is sub $80, BP is especially worthless. Div pay is more than entire earnings by far. Worth $25 at best.
and you wonder why people laugh at both of you. You've been wrong for over 5 years, consistently, even when people drew you a map to GIGM's fraud and scam. And now your talking about non existent short interest on a freakin 50 cent scam stock, and something about the "biggest change" when they are a holding company that holds NOTHING except the laundering operation of US capital to asia since 2007 by suiciding shareholder money into 30x overvalued friends companies.
Get a life you incompetent nerds, lol. Only you two would exist as such losers who are still yapping after a lifetime of being wrong.
And that's the worst commodity to hold. People are health conscious and sugar is causing so many health problems its going to be needed but in far less quantities. DBA should buy more wheat, coffee, corn and other things, and only hold like 3% sugar.
if they do, you can be sure that its owned by their friends and they will bill GIGM's balance sheet at least 30x its fair value, like they did for T2CN, Funtown and IAH and all the other scams to bilk out US account money into Asian accounts lol
I have no position in plenty of things, but having a position in something is not a prerequisite for commenting or discussing it, especially if someone has a history and has previously followed or traded something. Obviously your stupidity is showing again, why not quit your 7 years of being wrong and start being right, guess you want to just break the record for amount of being wrong in life huh.
thanks but not needed. most of these fools like don and resident and others indeed have been saying for 7 years to buy while I was saying sell and laughing at their analysis are just sad individuals, with no experience and not much IQ. GIGM was extremely easy to size up and still is. Aside from fraud (which is temporary), they own or do basically nothing except extort out shareholder money.
Its not a company, its a shell that laundered 300mil dollars or more over the last 7-8 years from US markets to Asia. Even if they have cash in the bank, why would you think you'll ever see it. They'll just buy over a donut stand their friends own for the remaining 50mil in 2016 and close up
GIGM was only worth something during their phoney years, now what are they, just a shell that launders money, and pretends to be a holding company investor that holds nothing LOL.
Sad you still don't get it after 7 years of me telling you, sad sad sad. Oh well, lack of experience and intelligence.
If you did a forensic accounting (which is impossible for an Asian company where China's policy is not to prosecute any crime against the West), you'd find T2CN/Funtown's acquisitions were scams, their reports were almost certainly scams from 06-10', and they overvalued friend's companys and bought them with GIGM assets to launder those assets to Asia.
Criterion was a major loser of this fraud, and lost like 100mil or so on their investments sold around 09' or 10' I forget.
Anyway, this scam shell is basically a zombie as I stated for over 8 years.
No, the whole gambling market tanked not just Everest, although Everest tanked the most. But that's irrelevant. The Boston Company ran Everest, GIGM just hit the lottery and luckily invested in it. That was pure luck. Ultimately, I cannot lose money in something I never owned on the long side.
Alternatively, you have stated on this board since 2008 that GIGM was a buy, so although I don't have access to your bank accounts as you seem to claim you have access to mine (lol), I would suspect odds favor you lost more money than most given your assertions.
Your assertions that I lost money in something I was saying sell for 8 years is on par with Russia claiming they are not in Ukraine. Perhaps your Russian ! Either way this conversation is over, since your a clown that insists upon something that does not exist.
GIGM is a fraud, its always been a fraud, and I've said so since 08', the opposite of you. Don't be mad that I have been right and you have been wrong, that's just the difference in our experience and intelligence.
Being wrong for over 8 years I would suspect denial and assertion that I lost money instead of yourself would be the only possible thing you could say at this point at 70 cents, given your 8 years of being wrong haha. I never even traded GIGM fool, last time I touched it was 2008 maybe? GIGM is a Asian fraudster pit that I told everyone to sell since 2008. Not my fault if you were on record as being long since then.
Everest was a fluke, literally. And they sold it to Manga's who absorbed a big loss considering gaming prospects online diminished a ton. Ultimately, Management too siphoned out all the Everest Sale money through phony garbage also. They ridiculously claimed something like $80mil/year in advertising expenses in 08/09, when the whole WSOP advertising cost was like only 3mil maybe LOL. These guys do nothing but lie, defraud and siphon out money under phony deals and reporting.
They got lucky on the Everest stake, and even luckier someone bought it after it died. That will never happen again anything they "earn" will just be siphoned out long term by these Asian fraudsters.
Theres always a chance GIGM will doctor their reporting again through these offshore scams like they probably did from 07-10'. Funtown/T2CN's reporting was probably overinflated 20x over, not counting the 20x overvalued price they paid for those two on purpose that their friends probably owed. They paid like $120mil for both, and both were worth probably $5mil combined.
So maybe they'll scam their reports again and the stock will pop big but at this point it doesn't look good. Since they are going into cosmetics scam it looks like they are looking to just deplete the last equity here then close down shop after they write that off in 2 years.
CEO/CFO already fled how many times lol.
I don't know if its 18mil or 50mil. I don't really care all I know is the fraud is that whatever they pay will go to their friends and will be 10x overvalued and be stolen or written off at the end. Its how Asian frauds extort shareholder money out across borders. Same old scam. Overprice your friends company 10x the value then write if off after you siphon out US shareholder money.
Trust me. The stake is probably worth 2mil in reality and the Koos' friends are trying to extort 18mil out of their controlled GIGM accounts to launder, then in 2 years they'll write this off or it'll be stolen like T2CN LOL.
you can bet your bottom dollar that the stake they are buying is at 10x fair value, from the Koos or their friend's "stake". In other words, another way to siphon out tens of millions, "legally" under a suicidal, purposely overpriced takeover of something worthless. See their takeover of IAH, Funtown, T2CN the scams from 07-12' for reference on how these Asian scammers operate.
Sounds like a scam door to door selling #$%$ in 3rd world country with nearly no profits, and which the Koos friend owns it and is milking out GIGM's remaining shareholder equity just like they did with IAH, Funtown, T2CN and all the other scam stakes that their friends owned and sold to GIGM at 500% fair value that were all phony.
if course these Asian scams with no oversight sell these conflict of interest stakes that their friends own for 500% fair value. Why do you think GIGM suicide over 250million to IAH, Funtown, T2CN and all those other scam acquisitions they took over at 500% fair value. In some cases they were phoney. T2CN was wholly phoney.
GIGM only does two things. Sell GIGM shareholders their friends worthless takes at 10x fair value, and siphon out money through phony/inflated expenses.
Anyone who didn't know this is an idiot. 2007-2011 the scam years proved it.
The best case would be if they doctor their reports like they probably did in the 2006-2010 area, with or without GIGM's knowledge, the Chinese outlets (Funtown/T2CN) probably had 90% fake everything. The old CEO, Wang/Hui fled two years ago after all that, and now whats left except a shell? Maybe funtown revs are real now, I don't know and don't care. GIGM is a zombie shell at this point, it will continue to just either bleed or sideline until they either raise money to aquire something, liquidate or doctor their financials if these scam artists even can do that or want to at this point, given the Koos might not want the legal issues, even a remote chance of getting in trouble.
GIGM is worth 50 cents to $1, forever, until something happens. DEAD.