GREY:VAALF - Post by User
Comment by
GnoBraineron Aug 19, 2008 10:14am
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Post# 15393685
RE: NR
RE: NRI am starting to get pissed. DDN is down 10% while VAA is down 90%. Trying to grow and leverage too fast? Yet another acquisition. 3 months ago VAA was self sufficient cash wise, even with purchase of Western.
Suddenly (even with continuing diamond sales) there is not enough money, make another purchase, dilute the stock, announce a Rights Offering that will not likely raise a cent.
The only good thing might be that when september 17 goes by without exercise, then the stock may rebound a little. UNTIL THEN . . . . not much. Unless they find the Hope Diamond