GREY:RGVNF - Post by User
Comment by
HOBACon Oct 07, 2008 10:02pm
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Post# 15512285
RE: By the way, Curtis,
RE: By the way, Curtis,
First of all it is nice to hear from some of the knowledgeable shareholders, but that is not to say that they are correct or incorrect. However, looking back the insiders have made decent money, management has sold or at least attempted to sell all the assets and the end result is what we see currently.
Although, each and every time I comment on this holding of mine some people feel I am ridiculing management without valid reasons. However, for the new shareholders I will point out that management thrives on ripping off shareholders time after time and never develops any strategy for increasing our value.
Some may say "SELL" your assets and run. That is easier said than done, because for some it is a 95% loss for others less but what ever the case management does not anything rational except spend our money and assets. As I pointed out a while ago when our assets were let's say "undersold" to EUROGAS some experts said my point of view is totally incorrect. No, after all these idiotic deals there is only one asset left and that is "GOLD ASSETS in CANADA". The assets fortunately are still in the ground, otherwise they would have been sold long time ago as well. Management is a total disgrace and the exchange will not do anything despite shareholder petition that was activated before the board of directors re-elected themselves. Of course their re-election was very questionable.
Well, I will keep this comment short but at the same time my frustration is obvious, however hopefully the paid "PUMPERS" will disappear once and for all from this board.
Good luck all.