GREY:PLUUF - Post by User
Comment by
rockmoneyon May 28, 2020 10:42am
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Post# 31082591
RE:So low
RE:So low I believe it trades where it does because of incompetent management both in Toronto and in Lima. They failed to maintain their key properties in good standing and the stock was rightly decimated.
Add in a useless board of directors who seem to blindly approve everything, and you have a little junior with a monthly burn rate, accroding to the latest financials, of about $170,000 per month. Insane.
That is $2 million per year of shareholder money paying exorbitant salaries for a team that has destroyed value.