Dumbdee drops coverage...Dined greed - Lessons in Brokerage Economics & Survival
Highest Priority - Brokerage Firm (the Mothership) survives and thrives
2nd Priority - Stockbrokers survive and prosper (feeding client commissions to thenselves and the mothership)
3rd thru 9th Priorities - 1 & 2 above
10th Priority - client survives - who cares if he prospers - he just food for the mortheship like in the movie the Matrix
_____________________________________________________________________________________
Okay - here is how it works. As stated by 3Bar - Dumbdee has no hard feelings - and this is not being negative about EAS.
Hmmmmm.... Dumbdee wanted in the PP at $7.54, which in this case was without all the agent wts - and fees - BUT - they were willing to take down a huge chunk and get mega client commissions from future trading. And they wanted in the PP without even visiting the property.
Boohoohoo - couldn't get in. So - issue a note from research dept that coverage has is being dropped. So the message is - if I can't bleed the s#it out of my clients by putting them in a high priced PP - I'll move on to another deal where Mothership and the brokers can aggressively feed off of the clients accounts.
The message from Dumdee to the client is this: "For you my client - I loved it at $7.54 - and with all these positive drill results since then and a price now at sub $6.00, I'm telling you we avoid it and move on to something new."
They drop this great opportunity for their clients without even visiting the property. And they claim they have one of the better research departments in the industry? "If true - what does it say about the rest ?" With a potential opportunity like EAS - which is being considered as the "gold discovery of the cycle" - you would think Dumbdee would send a research team of geo's for an onsite visit - and then decide whether or not they will cover EAS.
Yep - they certainly do have their clients best interest at heart - ROTFLMAO. And it ain't just Dundee - they are all like that. That is why online trading has exploded in the last 5 years.
Pure unadulterated Greed - with no concern for their clientele. And it's been that way since day one.
"Things that don't change stay the same."
Cheers,
Coastal.