Post by
Badstuff on Nov 06, 2017 4:04pm
Think about it
I would still like to see the securities commission investigate Waterous and his puppet management team, but I don't think they would find much. He knows the system and can manoeuvre around the obstacles like a cat after his prey. It appears that he owns 67 million shares, his family and friends own the debt. They bought out the existing debt as well. Waterous cuts the dividend, pays his family and friends at a high interest rate, then keeps the price down to make it attractive to other investors when it is time to sell. With the debt nil or low, he could sell out in the low $2.00 and still make hundreds on million of $. He doesn't want the other 33% of shareholders because it would only take longer to pay off the debt. Besides, they have no say and can't effect the share price very much. With the price of oil going up, that is a bonus to him, he guessed that it would.
Unfortunately, this man picked the stock I had invested in to manipulate. The high dividend would help pay of the debt to his family and friends quickly.
All I can hope for is the stock to inch up with the price of oil, then sell to keep my lose down and kiss this stock goodby.
Comment by
ppp on Nov 06, 2017 4:34pm
Just give him some time. As long as the assets keep performing this stock will move up. This company had very few shorts, so it won't move like some of the other ones, as there is no short covering.
Comment by
Sonofmshade on Nov 07, 2017 9:44am
Hate to break it to you but nobody is "going hostile" on a company that has 67% ownership by one guy.