OTCPK:RIDYF - Post by User
Post by
gossincon Jun 27, 2007 10:39am
172 Views
Post# 13005536
Decision
DecisionI'm out.
Life's too short to await CEO action here.
Factors:
1) I have shares in all three projects that count anyways.
2) Valentine Lake has been an embarassment for RIC as they have been much too slow in actioning drill bit. Better to own MOA.
3) Interest in stock is low which I like for one that is growing value equation.
4) Stock chart shows complete retracement and never getting any higher.
5) Jean Guy Rivard is retired at work.
6) CEO is the son of JG Rivard.
7) Cash pile sits there and has been for years. A little cash ensures that the Rivard's and friends get paid each payday.
8) Not midtier...I am generally ditching all that is not mid tier capable.
I will await change. A new CEO would bring me back if Jean Guy also realized he needs to retire.
Overall, one of my few losers.....too bad.