GREY:LFDEF - Post by User
Post by
FastEddy77on Mar 15, 2018 7:27pm
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Post# 27724294
There must be a good reason for this...
There must be a good reason for this...Last time I posted was when I sold out after they delayed the financing for a second time. I said I had enough of the lies and couldn't trust management. I thought the stock would tank but guess what? It hung around for a while around $1.00 and I got seller's remorse and bought back in. What a sucker right?! Now I'm down 60% and kicking myself, but I'm not selling now. I keep telling myself there must be a good reason for this shakeup. I have no choice but to look for some positives.
Obviously the Board knows more than we do. They must've known that this couldn't get done with Wade at the helm, otherwise why sack him and go through all of this? I have to think the financing gets done now otherwise they would have waited until after it was complete to get rid of him. That would have been much easier on the stock. Maybe Wade was too stubborn and wouldn't budge in negotiations. In any case, they are willing to deal with short term pain for long term gain and I see that as a positive. There is no other explanation for it. I'd be more worried if Wade had left on his own and jumped ship. I have to believe there still is a future with this company...at the very least a buyout. Monday will go a long way towards proving that. If I didn't loose so much, I'd be buying right now. As is stands, I'll be happy just to get my money back. Hey, maybe Scott will come back!!!!