GREY:RGVNF - Post by User
Comment by
dogoneon Jun 02, 2009 5:20pm
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Post# 16038041
RE: BEEN HERE, DONE THIS . . .SAD
RE: BEEN HERE, DONE THIS . . .SADI was actually going to get back in and pick up 200K shares.
No shares traded today in Canada-Holiday?
Still no shares traded on the US, since May 11
The bid @ 10.5 shows no confidence the stock will go MUCH higher-and maybe that is because of the 10 cent warrants to management which if they wanted to show CONFIDENCE should and could have been issued at 20, 30 or 40 cents since they are free riding (no cash outlay) till exercised, and if they are in the money it is a flip anyway since they will sell them after exercising. That is partially how there is 70 million shares outstanding.
Although this deal sounds promising, and there could actually be some money to be made, managements failure to communicate has investors with money staying away. With 70 million shares outstanding they need more investors to move the market. Showing concern for the shareholder, current and future is where they need to spend some effort, and please don't tell me they have been consumed 24/7 in this deal.
Rev has now become "all ships rise together" and seems maybe management isn't smart enough to see this simple rule.
Don't look at this as bashing, as some will, more so look at let's see this as a multi-sided win win. 200K shares at 12.50 cents and out at 75 cents is good, even if the shares get to a dollar or more. If management has facts that the SP could reach these talked about levels then they should have and could have issued their options at way higher strike prices. Don't have to be greed, and that includes me.