GREY:NMKEF - Post by User
Post by
Tcheckon Nov 16, 2019 7:05am
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Post# 30359673
dont you dare blame the small investor
dont you dare blame the small investor
we hear about this dire predictions from calgary about nmx .
but no investor could have been prepared for what laid in store for us .we listen to other news than calgary .sorry to say so .
to hate this company was right but hardly an investment case.
when they offered softbank 1 $ instead of 1.2$ that was an unpleasant surprise to us fellow investors .
softbank was a proof this company was taken serious though but it was not fun to hear .
when news leaked and the stock went from 1 to 60 cents we had no clue of what was really going on .
when the news hit and we got to 30 cents with cost overruns of 375M on a project of 800 M
i dont think calgary was in the know or even expecting it .the ceo stated clearly and proudly that full financing was obtained .
so knock it off to blame us for not being aware or to be stupid investors .
when you cant take a management to his word there is a problem ,rightly identified by calgary .
lets no forget he put in half a million at one point and the size of his investment must have made him very cautious i would think .if he were not he would have been hurt and be whimpering very badly now.his investment would have shrunk to 50 grand.
mismanaged companies there are thirteen to a dozen
bombardier ,concordia,terravia,petrowest,leonovus,xmg and the list goes on and on ...
all delinquencies or delinquents you can decide
due diligence only reach so far as the truthfulness of the official statements from the companies .if they are allowed to lie to us in our face then we shouldnt invest in any company at all .all the gold in the world won' t save us .
jeudi, dans les couloirs de l’Assemblee nationale, le ministre de l’economie et de l’Innovation, Pierre Fitzgibbon, a reitere sa confiance a l’endroit de la compagnie, la qualifiant d’« actif strategique » pour la province.
this statement alone should protect us investors if it were true .
now we have to second guess if it is true .the law should protect us against false statements.
that is in my opinion the problem.
the world is drowning in debt .trillions
who owns it and how is it ever going to be repaid .?
we cant find a measly 350 M .? la caisse populaire ?