RE:RE:RE:RE:RE:RE:RE:RE:RE:NEW 8 YEAR LOWShnapps wrote: Facts is right. The BOD, the pinheads that pushed the deal with KGI have effectively punished everyone owning MPVD or KDI. There are officially no winners. Any shareholders that hold either stock are in the red.
They also managed to convince instutional shareholders to bail in droves. Potential new investors will have to look no further than management to label this company too risky to invest in.
Its not a done deal Tiny. Its a path to oblivion. Our only silver lining is DB. I in my wildest dreams thought I would be saying that. That is little comfort because I know my welfare is of no concern to DB.
I don't know what you mean by a done deal. That somebody will usurp DD? That ain't gonna happen.
This is DD's company and it has been for a long, long time. The management are puppets and he is the puppet master.
But he does not control everything, the two important things being the quality of the mine output and the price of rough diamonds.
Maybe the mine will start producing White Gems at the rate the bulk sample predicted, maybe that is likely, it would seem so. But maybe not.
(I feel confident that if the mine were producing White Gems at the rate predicted by the bulk sample, we would all be as happy as clams - well, maybe not you-know-who.)
Maybe rough prices will improve. Maybe not.
But DD controls neither.
He does control the BOD.
I can't imagine him not being as frustrated and disappointed as the rest of us, he sure has a hel* of a lot more at stake than anybody I can think of.
I'm sure he'd fire everybody if he thought it would do any good. But he knows that our problem is circumstances over which we have no control, and which could improve.
I feel sure that he does not abide idiots and incompetents.