GREY:STPJF - Post by User
Comment by
CommunityMindon Aug 25, 2014 11:37pm
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RE:RE:Oil Sands Dream Evaporates With 40% Bondholder Loss Seen
RE:RE:Oil Sands Dream Evaporates With 40% Bondholder Loss SeenLutes is a CEO. He is a professional liar. Read back through the NR over the past couple of years. None of the production forcast has been met. 'Cash flow positive by the end of the year!'
I bet he had a big smile on his face when he said that. Just like a used car salesman.
2012 the SP was 1.80 and STP was valued at 684,000,000
2014 the SP is 0.065 and STP is valued at 24,700,000 and losing millions every month in operating costs. So at 24 million it's over valued.
Too many people have lost too much money because of false hope.