EXPM:PREGF - Post by User
Comment by
neofighton Nov 24, 2006 4:27pm
338 Views
Post# 11746281
RE: Where are the investigators?
RE: Where are the investigators?elberbank, I think you may be jumping to conclusions in stating that something unethical is going on. I am no apologist for Tiger [who I spoke to for the first time on Wednesday] or for the company, but I have been a shareholder for years and I am in a position to make the following observations:
1. This stock and IFR have huge followings with the average Joes, professional players and institutions;
2. For many reasons known to followers of these bullboards, both stocks have been beaten down, PRD more than IFR;
3. PRD in particular has attracted a vast amount of bashing, so personal you might call it "Tiger-bashing";
4. There has been much speculation that PRD can't pay its bills, that it is near bankrupt and that Tiger was running it into the ground;
5. Greenwood then appears like a white knight on his horse, with saddle bags full of cash and O&G and finance industry connections up the yin yang;
6. To the hundreds or thousands of people who have followed this story closely, PRD's problems with poor management and lack of funds have been instantly solved in a huge way and the company is now vastly undervalued.
Given all of the foregoing, of course the market is reacting in this way. It doesn't mean anything unethical is going on.
neo