fool me once, shame on you, fool me twice, shame oAm I correct that Mr.Scott Hand is the lead director with Royal Coal Corp (RDA) ?
Royal Coal is great at raising money, November 2010, 11 million $$ upfront from Sandstorm, April 2011, raised 34 million $$ by selling shares, July 2011, another 10 million $$ thru a debenture with Mercuria, that's 55 million $$ raised in under a year.
Royal did pay back 4 million to Juno ( and of course, who owns Juno ?)
Royal still owes millions $$.
What's my point?
Royal Coal is trading down more than 80% off it's high, currently at 7 cents, a market cap under 20 million $$.
Are these guys about making shareholder value or are they about making the straw bosses richer? So far there is no shareholder value, just shareholder losses and management pay days.
Do your own DD on RNX people.
Fool me once, shame on you, fool me twice, shame on me.