OTCPK:MEAOD - Post by User
Comment by
tsoprano1on Oct 23, 2016 12:36pm
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Post# 25375700
RE:Comments on financials
RE:Comments on financialsBoy, LiTe, did I dodge a bullet. No, I still have my position. But, when I first looked at Seeking Alpha headline I saw a $5mil profit. I started going over the apology in my head to the board for actually being wrong. I was happy to see profit because it meant stock price going up and a chance to lighten my load. Then I read the news release. Exactly as I had pictured it for past few months. $1600+ all in is so fantastically high I can't quite figure out how they do it. I imagine bloated salaries and bonuses is a start. I don't want to seem like I am bragging nor happy about this. It just comes from, as I have said before, being here for past few years and witnessing one of the poorest management teams and BODs on earth. I also will say that either Sprott has been selling and not reporting or he is a dunce. Since most of these guys are criminals at heart, my guess is he is mostly out again. Same as when he touted three years ago. And, yes, I believe they dipped into their stored gold to juice revs a bit. Monday should be a scream.
T
ps now you see why a few of us have been urging cation. Not bashers, just trying to shed light on the pumpers bs.