Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Olderwisernowon Nov 29, 2008 2:36am
345 Views
Post# 15618044

RE: People do the math on severence

RE: People do the math on severenceEven though I just posted that I would not spend time moaning about this issue, I agree with you completely, that if there are issues, methods etc. whereby this whole issue can be addressed, I would go along with that. Can ANYONE expect the Canadian authorities to ever do anything in these situation. I would say emphatically NO! My point is, however, that some here act as though this is some sort of unknown or a surprise and not considered in this deal. It was of course. The buyers know what is required, will have a contingency as well (unlike the previous management it appears, leading to this mess in the first place to some extent IMO) and this will all become more apparent over time. They of course have the option with their money and size to string out, lawyer this up, and delay payment of these serverances, unless this was all done on the day of the deal being signed, which might well be expected to be the case, given the situation. Put it this way, if the folks leaving are as slippery as some seem to imply, that is what would be expected, as they would have protected their a** knowing they were vulnerable to challenge later or long delays. Yes, I also agree with you that we may have more dilution because of this. However, the money to be made here is in buying it low, as both you and I have among others now done, realizing that on almost ANY basis this is ridiculously cheap, and almost ANY scenario one can reasonably apply - takeout, dilution, roll it in, etc etc. the price realized would still be significantly higher than today price, and certainly greater than the past lows.IMO So money still to be made here, I hope some do not get stuck in the past to the point where they lose their objectivity in terms of risk/reward now. But again: you are correct, it is VERY irritating, given what went on here over last few months.IMO
Bullboard Posts