TSXV:AUN.H - Post by User
Post by
johnnywitson Aug 08, 2012 11:45pm
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Post# 20197009
Longs dilution food for thought
Longs dilution food for thought As its gotten crazy in here again with the whining about dilution of the past. I didn't like it but it was done as other alternatives were not unfolding as desired. I've moved on by realizing that at that time this company could have been taken out at .50/sh and gone private by the financiers involved. Losses would have been forced on existing shareholders at the time and no further upside potential after possible all cash take out. Ultimately we were were left with our shares being worth 1/4 of what they would have been post dilution. We still have upside potential past $2/sh. Roll back.... I say bring it on as it would be great to have this holding added into my margin calculation and allow an opportunity to buy more or others without selling a single share.
Longs still under water at 1.00 - it's a shame over 3 years no opportunities were taken to address you ACB
I first got in 2007 in the booth days and am very happy in the .90's and look forward to the brilliant silver days ahead
Patience is a virtue - the market will always remain irrational longer than you can remain solvent.
Good luck to all new and long shareholders
To mid tier and beyond
Jw
Sorry for any typing errors - posting sucks on a iPhone - stockhouse could use an app