Casey doesn't want the hate

TrueCasey doesn't want any hate anymore

About Casey Serin & Don’t Hate… Support and Appreciate! - 20Oct08

After a little break I wrote two new pages:

About Casey Serin

and

Don’t Hate… Support and Appreciate!

Comments enabled. Login not required but encouraged. Moderation is on.

Unless it’s “loving, supportive or constructive”, I don’t want to hear it!!

We’ll see how it goes.

An experiment.

Thank you.

We think the experiment will fail, of course, just like everything else the little twit has ever done. If you read through the comments you'll find him even more detached from reality than usual: he doesn't need to pay back his debt because it wasn't "real money;" He doesn't want deadlines, the book will be done when it's done, this despite his various "30-day challenges" and other self-imposed deadlines, not to mention the fact that he's running out of cash corporate credit; we need to get ready to live off the land, etc.

Anyway, he's still an idiot, and we aren't even going to bother posting over there, except maybe the occasional (certain to be moderated) mention of his sweetie Tanja.

Except that maybe posting is worth it. He's going to do at least some of the modding himself, meaning that even if the hate doesn't become public, at least he'll get to read it.

Whatever. Fuck him.

And that's the way it is at FalseCasey HQ, where we're caught a bit behind on the TrueCasey saga due to work stuff that's come up, and are now watching stupid criminals on TruTV. Someday we'll watch Casey on that show...

As always, open comments.

Will TrueCasey Make it to HaterzCon West?

A number of major developments have taken place. TrueCasey was invited by Nigel earlier today and apparently agreed to show up. BTC, Nigel and Mr. Funk will fund the flight, though BTC later posted that he wishes he had not agreed to this some time back. TrueCasey agreed and plans to be on a flight in the morning.

However, there have been later developments:

• We have become aware that TrueCasey has just read Mr. Funk’s open letter to him, which was published in this space some time back. Feel free to check out the original text as preserved on our massive servers.
• TrueCasey has informed Mr. Funk that he is no longer able to respect him.
• As an aside, we wonder why he thinks anybody would care about receiving respect from TrueCasey?
• Apparently TrueCasey asked that Mr. Funk be excluded during a phone call with Nigel. Nigel provided assurances that Mr. Funk will be on his best behavior. Casey also expressed concern that we at FalseCasey might be in attendance. As we are not a single individual, it would be quite difficult for an individual "FalseCasey" to be there.
• Finally, TrueCasey is scheduled on an 11:35 flight. This would require TrueCasey to be at the airport no later than 10:35, and really would need to be there earlier to be sure of making it through security and all the other hassles. This would entail him leaving home by 10:00 and presumably being awake by 9:00. No such thing has occured recently.

We believe it is unlikely that TrueCasey makes it to his flight.

And that's the view from FalseCasey Headquarters, which appears to be in a third-world corrupt and cronyish country where the key to success is not hard work, but rather just being connected to the right corrupt officials.

Lots of Sound and Fury about Goldspring...

Signifying nothing!

OK, we exaggerate. It signifies that GSPG is a typical pump-and-dump penny stock, in which our old friend TrueCasey takes on the role of bagholder for the insiders.

Today we have seen the biggest one-day gain in gold EVER.

And GSPG down over 20%.

Why? Because for all the talk about 43-101s, estimates, plans, drilling, etc., GSPG still has nothing that rises to the level of "proven reserves." Note that their shareholder presentation yesterday carefully uses the word "resources," and in fact gets more specific in noting that they are speaking only of "indicated resources."

Note that under Canadian 43-101 rules, the following classifications of resources and reserves are used. In increasing order of "certainty" they are

• Inferred Mineral Resource
• Indicated Mineral Resource
• Measured Mineral Resource
• Probable Mineral Reserve
• Proven Mineral Reserve

We are going to give GSPG the benefit of the doubt and assume that their "43-101" report actually follows the Canadian rules for such documents. GSPG of course is not a Canadian company, and is not legally required to comply with that standard or to issue this report at all. As far as US law is concerned, they could shit on a piece of paper and call it a 43-101 if they wish to.

Per the above cited standard anything called a "resource" is not yet shown to be economically viable. Most operating mines consist primarily of Proven Reserves, often with some Probable Reserves around the edges and lots of "resources" in the property surrounding the economically-viable mine.

If you check out the GSPG presentation as filed with the SEC, they very clearly avoid the use of "reserve." This is not surprising because the US definition of what constitutues a "reserve" is even tighter than the Canadian one and they clearly can't meet it at this time, if ever.

Indicated resources, of course, are just above the lowest classification available. A project consisting entirely of "indicated resources" is still extremely speculative and may never yield any economic results. So, when they say they have over $400m of "indicated resources" the liklihood is that they will never get anywhere near that much value from that piece of their property.

And what is their plan going forward? It's vague. Normally with indicated resources, your next step would be to do a feasability study, during which some of those "indicated resources" would get upgraded to "measured resources" and eventually might be categorized as "reserves" if the proposed project meets criteria for economic and legal viabilitye. That doesn't seem to be top on their list though.

Instead, they use most of the rest of the presentation talking about potential other areas for exploitation and very little about finishing the exploration and feasibility study in this one. They suggest that actual mining could start next summer. We thought they said it would be this summer some time back? I suppose they got distracted. Just like TrueCasey.

This is typical of a pump-and-dump company. Always something new out there worth exploring, but never anything completed. And always some new suckers to buy stock so they can pay the interest on their debt at 24% to "friendly lenders."

It strikes us this company is just a corporate version of TrueCasey. Lots of sound and fury signifying nothing, but a lot of entertainment for the otherwise uninvolved.

And that is the view from FalseCasey HQ, where hope is still not a viable investment strategy.

Today's Post: TrueCasey is a Professional Blogger

Oh please give us a break!

FalseCasey can scarcely believe the garbage that spews from TrueCasey's mouth.

Blogging is a job? In what universe?

One of our circle knows a lot of successful and well-read bloggers. We know of none who make enough off blogging to generate much of a living. Granted, TrueCasey has an odd idea of what "a good living" is, but even so...

We note as we review their sites, that almost all of those successful bloggers use the blog primarily as a mechanism for driving attention to a real business that generates the big bucks. That real business usually takes 8-10 hours per day of real work. The blogging is just advertising.

So what's TrueCasey going to advertise? Where will the real money come from?

We have no idea.

But we do know that there won't be enough money from his blog alone to pay for him to move out of his parents' house, pay for his own car and insurance, get health insurance and buy food to meet his bizarre dietary requirements, let alone to make a dent in his huge debt.

His blog will never be more than a hobby. We are older than he, but will most likely not live long enough for him to realize that.

And that's the view from FalseCasey Headquarters, where we are somewhat captivated by history being made in Denver.

Casey Looking for New Internetz

From TrueCasey's twitter this morning:

Some difficulties this morning... Should be able to get going within an hour or two

FalseCasey's Translation: My internet access at home has been cut off, so I have to find someplace with a free hotspot to blog from.

We may update our opinion on this matter, but for now, that's the picture from TrueCasey Headquarters, where we note a hurricane heading towards New Orleans, and GSPG not doing much.

CaseySphere Quote of the Day

Casey's just another word

for nothing left to lose.

- !?! on CH.c

TrueCasey MIA

There has been some discussion of the fact that TrueCasey disappeared after the koicast last night, never to reappear.

Some have speculated that his disappearance to a friends' house to watch Star Wars ended in a night of meth and gay sex.

While not discounting this possibility, we suspect the answer is simpler. He returned home to find that mama Serin discarded his laptop, disconnected his internet, and told him "not again under my roof."

Which, if true, would be the first time mama has shown any backbone in dealing with her boi-wonder.

And that's the view from FalseCasey Headquarters, where we sadly note that GSPG staged a late-day low-volume reversal and closed pretty much even.

So, What Does TrueCasey Have to Offer?

We here at FalseCasey spent wasted about an hour and a half listening to that idiot drone on for half the evening on Nigel's talkcast. And we noted on glaring discrepancy:

• Casey says that he's going to write an e-book to help people in foreclosure, because he's been there and apparently believes he has valuable lessons for them. He tells us that the lessons are so valuable that people will actually pay to read them.
• He also tells us that he really doesn't know if or how things might have worked out differently if he had taken some of the haterz™ advice way back when.
• He then tells us that he also doesn't really know and doesn't care to talk about whether or not the advice he got from his guruz was any good. He says some of them entered into "grey areas" and some others were good. He doesn't care to tell us which is which.
• Finally, he tells us that he's not going to worry about the past, he's going to look to the future, itsallgood™.

So we wonder which it is?

Does Casey have some truly important lessons that somebody should want to pay for? If so, how come he can't name one thing he should have done differently or even speculate about how things might have turned out if he had actually done some of them. And how come he can't tell us which of the advice he received was wrong?

Or is Casey just going to pull together a bunch of public-domain information from the web, stick his name on it and hope it sells as a result of his own presumed notoriety?

We think the latter, and of course we think he'll fail. The only people who care about him anymore are all haterz and trolls. His inbound links from years gone by are going to be worthless. And since he's never saved a single house from foreclosure, he's not going to have much credibility.

And that's the view from FalseCasey Headquarters, which we own debt-free.

FalseCasey

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