GREY:RGVNF - Post by User
Post by
stocktalk2on Jul 17, 2006 3:28pm
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Post# 11094495
Curtisprod
CurtisprodThe facts speak for themselves. To date we have a PP with AAA that has never been completed. No details on the concessions regarding a drilling program from McCallan. No outside engineering report regarding the reserves that we can associate to our deal and put a value on. No idea how McCallan is going to fund the development of the concessions, and no idea if we have the people with the expertise to accomplish the task. We have not completed ANYTHING in the last 5 months.
We did have the stock trade up to .95 during that period and drop over 60% of it's value, on millions of shares. These are facts, it has nothing to do with whining, hand ringing etc. You are shooting the messenger because you don't like the message. I don't like the message either, those are the facts. I have never understood cheerleading on a stock. Better to remember the Enron employees that were told business couldn't be better even as the company was being investigated. Those people believed they were set for life, that the system would protect them, that it couldn't be a scam because all the big investment houses owned Enron.
The most pessimistic people I know are very successful fund managers of boutique fund houses. They don't believe anyone and investigate everything the company SAYS they have or are doing.
Let's see, what is the definition of insanity, doing the same thing over and over again and expecting a different result. To keep asking questions that you keep getting the same response, that being, insider information, and expecting somehow that by asking more questions the response will change is insane.
Unfortunately we will have to wait and see if the company will ever provide some facts that the market can identify with.