GREY:GDPEF - Post by User
Post by
3woodon Jan 08, 2009 2:47pm
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Post# 15691865
Truth
TruthThe truth is we've been swindled - I too continued to buy in based on what Mike and others told me and I think Leigh was given bad information to pass on. Ealier in this saga Damian suggested a conspiracy to which we all said no, the management team is in it with us and honorable. I didn't think it was a conspiracy but I didn't believe the management team cared about us at all as they kept saying their interest was the final shareholders when the sale took place not today's shareholders. Well today they're the final shareholders and that's why I think a deal will happen soon but at maybe @ $3. Because the float is so small the company had both the motive and the opportunity to manipulate the SP down to a point where they could make millions of dollars personally regardless of the purchase offer. I'm not saying this happened but I do think there are enough questions to warrent a securities commission investigation ( before it's too late ). There is a big problem when shareholders can't trust management to operate the business in the best interests of the EXISTING shareholders ( how many times have we seen this in the states ) - this company has never claimed to honor that obligation. I tried to raise that point in the past but everyone had blind faith that the project was too good to fail and management would see it through. Now that management ownes 22m shares @ 50 cents they can sell @1.75 and still make 27.5M - not a bad personal payday. Like I said before I'll take the $1.75 and lose a ton of money just to be rid of them but they should be investigated.