RE: RE: RE: RE: RE: RE: RE: No 5mill payment....Hi Wally.
"We went from $1.58 in mid July to 40 cents in Sept. WARNING FLAG ANYBODY? No cause for concern? "
I think we need to keep that in context. We aslo went from 50 cents to $1.58 from May to June.
I own and run a small business although I don't have employees or partners. I think its premature to call for management's resignations at this point as we don't know what is going on. If there are JV's or something else coming down the pipe then maybe this was a little more planned that we first thought. There was very high institutional ownership back in August so who knows what kind of pressure was being applied by the majority block of shareholders on financing at that point.......
If the property gets put in limbo then its time for some accountability.
I do agree that management does need to update shareholders on the direction of that project. There is too little info at this point and they need to clarify the situation.
lurk