GREY:VFGGF - Post by User
Comment by
nikeherculeson Jan 15, 2014 1:15am
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Post# 22092119
RE:RE:RE:Whats Up??
RE:RE:RE:Whats Up??
BonJovi...if this thing hits 0.17 and you buy, what do you think will drive the price higher, other than the RSI?
Will it be:
a) Wade & Co. buying
b) A buyout - $130 million to retire debt & another $65 million for mopping up the shares @ 0.30
If it is b) Why would anyone buy PRY in its current state? I understand PRY has reserves, but if they can't be developed economically it will be hard to convince the accounting types to fork over the cash.
Is bankrupty in the cards or a fire sale forced by the bank?
A good friend of mine was also under the "Wade effect" and he quoted many times how Wade made millionaires with the last two deals. I've never met him, but Wade sounds like quite a character. Unfortunately, my buddy bought in real early, watched it hit $2, then watched it hit 0.22.
This morning, my friend looked like someone kicked him in the gut.
Unfortunately, I know that feeling. I don't want to know how much he lost.