Pescod I noticed hes spent alot of time blaming the markets and pointing fingers lately, his accounts must be doing very poorly.
He implied in his letter today that the PRE investment was because they are so darn interested in CGX. I think he is pumping, because it seems that their investment was the only way to AVOID A WRITEDOWN on their income statement. So in that sense OYL is just as scary. Not to mention look how poor of a decision PRE made last time they bought shares, they lost their shirt.
Nice one sided pumping Pescod, a perfect fit for Canaccord known for speaking out of both sides of their mouth. Awful.