GREY:SXHHF - Post by User
Comment by
wiggy1on Nov 29, 2012 9:38pm
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Post# 20663887
RE: Financials - Familiarity - Future
RE: Financials - Familiarity - Future Don't kid yourself. It was members of the board who were pushing for this deal. They lent the company all that money and saw that things are going nowhere and Sonomax is a complete failure. They are just recouping the money they lent plus most likely a nice interest payment. Sonomax is absolutely finished. They have thrown in the towel and started piecing out the company. The directors will get ALL their money back and the shareholders will be left holding the bag. I suspect the $10 mil is gone along with any hope of shareholders getting back their investment/gamble.
I guess I wish I could have a job where I could keep drawing wages, seeing the world, meeting famous people and living the good life and when the money was gone you just issue more shares and dilute , dilute, dilute. I would love to know what the expense accounts totalled over the last 10 years, then we would really have something to talk about.....
GLTA