RE:RE:Go private $.15Brutal, pretty much a capital loss for anyone who showed loyalty as they sold off the company to foreign actors. Anyone here post reverse split got wiped out entirely.
Frankly the company is a total flop IMO. Management, the boad, the whole slew of them. To have that many people with finance backgrounds in senior leadership and the board and they couldnt find financing at a time where gold is $2330 an ounce. Almost seems planned.
I dont understand how they can wave minority holders rights like that, and not even have consulted with anyone. Especially when the buyer is THIS arms length. Its all insiders and majority shareholders and board members who actually profit from this. Mkt cap of 80.52m and they pick it up for under 9m, and the tab for picking up their bad debt left by former incompetent senior leadership.
If this were in the US there would be class actions against this kind of theivery.
Hope the government blocks this.
laroplex wrote: OUCH!!, didn't se that coming.....game over for us retail holders....Capital loss for me.....GLTA