OTCPK:SPVEF - Post by User
Comment by
ArtBechsteinon Sep 11, 2007 10:17am
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Post# 13372643
RE: Why can''''t this company take advantage too?
RE: Why can''''t this company take advantage too?because they have no real business apart from "waiting for Godot" they're sitting on bags of money but not utilizing the monies - very weak management but I hope that the next AGM will put more pressure on the management. I would at least like to know how many years the management intends to wait for a decision of the Chinese officials - probably until most of the management stuff is retired *lol*
This is why and it is quite simple. In fact it is not necessary to write anything about Spur until they havn't got the approval for the license transfer - even the proposed merger is a non-event in terms of profitable growth. This story here is all about waiting for one special event. If the Chinese will say "no" one day the company should immediately sell its phosphate business and other assets and should go for a liquidation because they will be dead after 10 years of trying and waiting for a license.
Art