Loading ...First Majestic Con has $100 million loss in upcoming Q (end of Sept). They have very little cash on hand
and cash flow has evaporated. New dilution for shareholders soon.
Two months ago Q2 results showed $84.1 MILLION loss with realized silver price at $24/ounce. Q3 ends in 10 days with realized selling
price $4 lower at $20/ounce. Be Prepared For **$100 Million loss*** for Q3. Don’t be a guilible.
DECADE of Losses. Nobody fired. Nobody took pay cut. In fact, just the opposite.
Bigger paychecks and more In-the-money Options. Insiders stripped almost a $Billion from shareholders.
Actually, they did fire 1 board member after he stole $85 Million* from the company.
See annual report footnotes* – described in there. Crazy story. Shareholders got ripped off. Insiders got bigger bonuse, even after that.
Last Quarter – First Majestic Silver lost $84 million with silver price at $24/ounce. With upcoming Q to show max $20/ounce – I predict First Majestic
to lose $100 million. This is totally UNSUSTAINABLE. LOOK FOR NEW $100 million DILUTION to existing shareholders. ***DANGER WILL ROBINSON – DANGER ***
113 Million in cash with $100 million losses in upcoming Q3. Watch for $100 million dilution hitting shareholders with banksters getting $5 million of it. Death by 1,000 cuts.