GREY:MGMCF - Post by User
Comment by
MasterTigeron Feb 28, 2014 11:03am
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Post# 22264048
RE:RE:RE:RE:Mr. Riddell you can do better than that
RE:RE:RE:RE:Mr. Riddell you can do better than thatMr. Riddell is quite old and this maybe the last thing he does for his legacy. The way the stock flash tanked to 4 cents last year tell me alot about the stock. Does he want to be remembered as a person who screwed the small time investors, or does he want to be remembered as a person who built wealth for him and others too? For them to spin off MGX for $2-$6, now saying it worth less than 20 cents is insulting.
MGX sold a tiny portion of their gas play for 30mils to KO just a couple of years ago when gas price was $2. So the net asset value is way higher because now we have Canol play too. Management should get their act together and do something to increase the shareholder's value (it is their fuduciary duty). Have a new stragegic plan by spinning the Mackenzie gas play and the Canol play separately. Please increase our shareholder's value instead of screwing us over.
Best Regards,
A patient investor of over 5 years