GREY:HRIVF - Post by User
Comment by
jmr9757on Jun 16, 2011 12:00am
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Post# 18721930
RE: RE: RE: Volume?
RE: RE: RE: Volume?Missouri - criminals and tricksters they are. The initial bid at
.22, burying of information in financials, write-downs, lack of transparency with the investment community, and thinking they could get the NordGold vend-in done they way they did all supports this.
All I was saying is that they are not manipulating the share price directly or using dips to buy more on the open market.
Last time there was the prospect of a true liquidity event (sadly, earnings does not count) in the fall, the stock responded appropriately. Those levels will not be seen again until investors have some way to cash-out and get far away from Severstal. CFO could have been $100m today and the share price wouldn't have reacted much differently.
The only saving grace is that Severstal has demonstrated they are quite greedy and will eventually want to maximize their value in HRG. The only question is how badly minority investors will get screwed when they do...