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Arcan Resources Ltd ARNBF



OTCPK:ARNBF - Post by User

Bullboard Posts
Comment by yesoilerson Dec 23, 2008 11:59am
625 Views
Post# 15663872

RE: RE: RE: RE: new rating

RE: RE: RE: RE: new ratingAgree, funds will be pushing hard now for a sale so they can liquidate their position and move cash elsewhere to alleviate their problems.  Problem is no one will pay cash for this so the funds have to hope for a more liquid takeover candidate.  Problem as well as there is going to be so much junior product on the street in 2009 that there will effectively be "takeunder" deals where you get less than your $$ value in the TSX-V trading market on the promise of a better management team, more liquidity, more size and more promise.  Going to be tough to get 10% over market IMHO.  This management had their run with no return to shareholders and its likely time to hand things over to someone who can weather the storm and grow this Co.    
Bullboard Posts