GREY:LBEFF - Post by User
Comment by
JohnEStromJron Jun 29, 2010 7:11pm
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Post# 17232668
RE: RE: Jilin Jien and profit
RE: RE: Jilin Jien and profitvictor2009,
Then tell us WHY the stock share price is where it was one year ago when we were not trading due to our financial condition and before we got bailed out by Jilin Jien. Exactly where it was. Since then McWatters is reaching full production and the price of nickel has made a bit of a rebound. Lots of good news, minimal bad and here we sit.
The fact is, Rocky is correct, or at least on to something - whether we agree or not. Aside from Jilin Jien, people are not interested in buying into this company which leaves just one buyer - Jilin Jien. Keep in mind they already owned around 78% when they acquired controlling interest in Liberty Mines. Since then I'm sure they've made up the additional to reach the threshold 85% [80%????] to take it private at which time they do NOT have to do/say a thing nor take a vote.
Essentially we no longer have a vote. So, with one big owner controlling anything where is the incentive for anyone to drive the price of this stock up? I hope you have the answer but I think as you are living in a fools paradise. Hope I'm wrong but I'm not usually. Time will tell won't it. In the mean time I doubt we're going to see to much gain on the share price unless they start recording some profits.