PINL:HLOSF - Post by User
Post by
ventureveston Jul 29, 2010 10:07am
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Post# 17306514
Reality Check #2
Reality Check #2 10 for 1 rollback is stupid.
HLO is not going to aquire institutional ownership after a share consolidation..... The float will be too small as will the share price and the market cap is way too small.
In order to acieve any potential in the future HLO will have to purge the existing managment as they are bleeding the company via excessive salary and stupid plcacements of stock to funds such as Mineralfields who are simply using jr companies as a tax reduction tool. There is a statement in the filling insinuating " in order to attract future investors" allarm bells!!!!! WWhat about existing investors. I have more shares than all the managment combined...
JMHO but these guys just don't get it..... I'm voting "NO" to all managment actions. There is very little this team has done to drive shareholder value..... they have only filled their own pockets with huge salariers for a 3 cent jr company...... Linda Blooms salary at this price requires 5.8 millions additional shares and she simply isn't worth it....
This company needs to be absorbed by another to achieve any value from it's present compliant resources.... the oinly one in the area with a compliant resource..... This would be a benifit to VMS, CAA ro RCR
Now is the time to take out HLO as Mineralfiels has it's lowest holding now only 10 MM shares.... consolidated that will be only 1 million.
Failing that holding HLO is like holding last weeks lotto tickets.
JMHO