OTCPK:EUCTF - Post by User
Post by
Bruceforeveron Jul 10, 2017 5:36am
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Post# 26449798
Why EUO is trading -50% YTD?
Why EUO is trading -50% YTD?I really think, our CEO, Bruce Crowlands or Doron Reinis must talk about it.
Why they don't have any update?
We know they have wages around $2,5MM per year (Manegement Expenses + Admin costs). When you have this prevision, you must show some expected revenue for the year. I'd be very comfortable if I see around $10MM revenues x year, but this is not the case.
The cash is evaporating day by day, and we really don't know where those R&D go.
The share price is going down and down from $0.1875 to $0.09 while we have seen Doron on facebook with its great vacation and dancing. What a pity.
To me, this is a real SCAM. I've read all M&A on Sedar and these guys don't know what to do with their bussiness. All they want is to have a good salary with cash on hands, until it goes to zero.
I'm still LONG with my ONE hundred shares, and I'm ready to buy 50 more shares in the near term.
If Crowlands has decency to leave the Company, the share price will move up for sure. The new CEO, must do a real plan. He has to low the management expenses and Admin cost below $600,000. Show me your revenues, and you will get paid.
B4ever