Cuervo Resources Inc CRVNF

US investers screwed

[yellowcake1]

US investers are sure getting screwed by the timing of this deal.

[jamieb3]

I received a letter today (28th) asking that I contact the individual who services my account and give instructions before the 29th. Typical of these amateurs. Of course I won't bother. I sold at 10.32, and closed the books on Find Energy. I will never touch another stock that this POS management team ever has a hand in again. They ought to be ashamed of themselves.

[rfk67]

"I will never touch another stock that this POS management team ever has a hand in again." Say what? If you check out their history you may want to retract that statement.

[jamieb3]

Sorry, but selling out a company for $10.23 when people have been averaging down on it from $13 puts them squarely under the heading "bush league".

[jake1444]

Management secured $25.87 per 2P reserve BOE and nearly $85,000 per flowing BOE. You call that bush league! Especially in this depressed NG market. Don't blame the company for investment decisions made on your behalf. People who invested at $13 and averaged down can only look at themselves for their decisions. We are adults here. You win some and you lose some. Management got a good price for

[yellowcake1]

I don't mean screwed by either company, I just mean screwed by fate. It seems to be happening while ng prices are taking a dip, but it could have happened the other way around too, if a hurricane reamed the LA and TX portion of the gulf.

[jamieb3]

"Don't blame the company for investment decisions made on your behalf." Not often I get a laugh on these boards.

[jake1444]

jamieb3, do you think you should be able to blame FE management for YOUR decisions? Talk about a good laugh on the boards. Grow up and take some responsibility for your actions. You bought the stock. Without risk there is no reward. Do you disagree that they got a fair price based on the metrics I posted earlier? Why don't you enlighten the board with your calculations of how you determined

[jamieb3]

Why bother? FE is over. The story is done. I was a Sine energy buyer, not an FE buyer, although I did enjoy trading around my original shares and warrants (the best money I ever made on this stock). FE sold itself out at a huge discount to its 52 week high. You want to do the math go ahead. It's all history now.

[jake1444]

It's 52 week high is irrelevant. The price paid is based on the value of the underlying reserves. At $13 people were speculating on future growth, not the current value of the company.