Title : Belo Sun (BSX.to) now open to criminal prosecution and civil law suits
link : Belo Sun (BSX.to) now open to criminal prosecution and civil law suits
Belo Sun (BSX.to) now open to criminal prosecution and civil law suits
Interesting to watch the Belo Sun (BSX.to) pump unfold, orchestrated by the sold-out John Doody for his new paymaster, Porter Scamsberry. So for all newbies in this stock, if you feel comfortable owning stock in a company whose management are proven liars and have probably ruined the project's chances of ever moving forward by their own incompetence and mendacity then stop reading this now and return to your special place of happy thoughts. Bye bye!
For the rest of you, please consider the latest corporate presentation from BSX, which includes this statement:
As noted in this previous post, it is simply not true that BSX owns all the surface rights at Volta Grande. It's a plain fat lie, so why does BSX insist on repeating it? These are the facts:
1) BSX has admitted in its own regulatory filings that Brazil's Instituto Nacional de Colonização e Reforma Agrária (INCRA), owns "some" of the land it plans to use for mine infrastructure.
2) You cannot own surface rights on INCRA land.
3) I repeat, you cannot own surface rights on INCRA land.
4) Do you understand that? BSX is lying to you and if you don't believe me, ask INCRA.
5) You are not allowed to lie. It's naughty.
What often happens in Brazil during the INCRA land reform process is that the land in question (no matter where it is in the country) is that the INCRA office will come to an agreement with local populations to allow them to use the land for rasonable purposes (agro, build a house etc) but that does not change the fact that the locals have never and still do not own the surface rights of the land. That the locals managed to sell something they do not own to a bunch of foreign mining Johnnies is beside the point, be it by a genuine mistake on the part of the locals or a cunning plan to rip BSX off and leave them twisting in the wind. Also, BSX is fully aware of its legal FUBAR, because as noted last month they have been changing the wording of their MD&As recently in order fool everybody with fancy words and glitter and sequins. However, it is impossible to reconcile their statement made in "The INCRA overlap on the Volta Grande Project footprint covers some of the planned infrastructure" and "All surface rights acquired". It's total BS, they are lying to you and it's high time this bunch of scamsters were brought to justice for their morally bankrupt, self-serving rip off corporate culture and let us note, insiders are already making ill-gotten gains from these lies as management make insider sales and stuff their wallets with dollars bills (that originally belonged to you). And the funniest thing about it is that it's so easy to prove. All anyone needs to do to expose these liars is to ask them to show a concession map, the way most other mining companies do, with the INCRA overlap illustrated. Then you stroll down to INCRA, point at the area and ask them (or any other Brazilian lawyer worth their salt) who owns the surface rights of that land, a process that would be ridiculously easy if only BSX would publish or show us a legitimate concession map of Volta Grande. Take a wild guess as to why they don't.
Thus Article Belo Sun (BSX.to) now open to criminal prosecution and civil law suits
That's an article Belo Sun (BSX.to) now open to criminal prosecution and civil law suits This time, hopefully can give benefits to all of you. well, see you in posting other articles.
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