#131 Robert Friedland (Billionaire Miner)
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
With typical impatience, he had been searching for a shortcut. Promoting a stock is like making a movie, Friedland said. You've gotta have stars, props, and a good script. Lately, good scripts had been hard to come by. Friedland's reputation as a daring penny stock promoter with a mightest touch was unraveling.
With the collapse of his high flying gold mining company. Galactic resources. Thirteen months earlier, Galactic had sought bankruptcy protection in the wake of pollution and regulatory problems at its Colorado gold mine. The US Environmental Protection Agency was building the Colorado mine as one of the country's worst environmental mining disasters, and the US Justice Department had launched a criminal investigation. Compounding matters.
Friedland's backup script. A hot gold play in Venezuela. Was on its last legs. Most major investors already shunned the forty-three year old mining promoter. And now he was marooned in the middle of nowhere.
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