GREY:RGVNF - Post by User
Comment by
Monedas1on Aug 01, 2007 3:54pm
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Post# 13187642
RE: News. . Wrong Wrong
RE: News. . Wrong WrongI hate it when people only get half the story. Go back to your source, the key is 51% and not 49.5%. Even Ed and Rick will tell you this fact.
The risk was for 6% and not 4.5%. That is why we have all been saying 4.5%. No risk exist with 4.5% only a partnership with McCallan. End of story. At this point in time Regents is worth nothing without the oil concessions and we were going out of business until Wolfgang rescued us. End of story.
He rescued them because he trusted Ed and the deal was in both of their best interest. When this ceases to be the case, he will be gone and so will our money.
Ed and Rick are NOT right in not going ahead and no collective wisdom exists between them. Rick has NEVER really manged anything until now and this fact has been well documented.
Let me ask you a question, Would you buy a used car from Rick? Apply this to the Tar and Oil Sands deals. What do you think Regents and Rick are bringing to the table--their expertise, their mangement,or our shares and a dilution to follow? If the 4.5% does not happen, we should vote them out. End of story.
Additionally, if Regent's is governed by Sarbane-Oxley, then Rick is personally libel for the insider trading that happened over the AAA deal and he can be sued. You don't get to pick when the law applies and when it does not.