GREY:GIXEF - Post by User
Comment by
joeon Dec 02, 2013 2:46pm
430 Views
Post# 21960923
RE:RE:RE:Where's the GIX
RE:RE:RE:Where's the GIXHey, no one really knows why he resigned. For all we know maybe he wanted another low ball financing so he could bring his average cost down somemore. Or they simply disagreed with him on some issues to purposely get him to resign realizing, finally, that in this kind of market it was a waste of money to keep him or any one in his line of work on the books.
I thought his contract was up at the end of this year anyway, but I'm not exactly sure on that.
Anyway it does help explain the drop from .11-.12 to .075-.08 over the last 3 weeks after his "I'll temper my comments" statement. I believe him when he says he still has 5M shares however many of his koolaid drinking followers would have bailed since hearing that because they got scared.
One week he's touting management as the most ethical, honest bunch with a high level of integrity and the next week he's "tempering his comments"?? and then resigning??
All in all I view it as a positive simply for the money savings. And yes I reakize it's not alot of money but it was still a complete waste. The market is hooped and not even Mr. Grandich is able to help these juniors right now.
Good luck GIX shareholders, even you Mr. Grandich. Perhaps things will be better in 2014