GREY:AUAYF - Post by User
Post by
burrowsjon Mar 23, 2008 4:16pm
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Post# 14761569
The financials say it all!
The financials say it all!Market conditions aside, this is a failed project. Funny how it is that people blame things on market conditions. Smart companies that are positioned well can deal with adverse market conditions. What happened to that 18 month advantage? Or was AUA's fate dealt a death blow with Blue Pearl out classing AUA's management?
Larry despite his years in the industry is clearly out of touch. The company was not capitalized properly and as a result has 118 million shares outstanding with warrants and options so out of reach too be exercised towards treasury. They are in close down mode with little to no negotiating power, whatsoever.
Markets? In today's world perhaps the project isn't so sexy.
It's all about management or lack of.