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VanEck Semiconductor ETF V.SMH


Primary Symbol: SMH

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Semiconductor 25 Index.


NDAQ:SMH - Post by User

Post by snoopydogson Sep 10, 2009 4:50pm
450 Views
Post# 16294906

Year End Financials

Year End Financials Wow - just under half a million on consulting fees to five insiders.  The Information Circular should be an interesting read based on those numbers.  Who is billing the company that much when in two years they have yet to drill a hole in either Canada or Guyana. 

Then the little issue of $150,000 in Investor Relations and we have a 20 cent stock.  They would have been better off to have just started buying their own stock back out of the market.  This will set up an interesting AGM.

To my untrained eyes it would be nice to see if this company even has a business plan or is it the two top dogs exercising their right to make money on our investment with no plan.  Just my opinion and this is not bashing the stock or company as I believe in what they have in Guyana, am longer on this stock than I care to be, and want to see results.
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