GREY:MDCGF - Post by User
Comment by
amorakon Nov 13, 2009 10:17am
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Post# 16483500
RE: RE: RE: RE: Alright !!!!
RE: RE: RE: RE: Alright !!!!
Bless you, Dudes, (oilandgaswells and makingmoneynow) because I've said the same nonsense to myself in the past as you're saying here. Fact is, this has all the smell in the world of an executive and board that is playing in a private club. In deals like these you have people at the table, people in the room and people outside the room. This financing looks like a deal for the people at the table with maybe a little for a few in the room. We're not in the room and this is progressing at our expense.
I'll stay in because I'm in for 20 cents and it's a good win but I hugely resent these guys cutting away at my ownership of this company, especially since the company should be able to raise non-dilutive capital in the months ahead. This financing is nothing more than taking care of friends at our expense. WORSE, they're getting derisked stock with a high-risk type of reward when we had to buy it when the risk was high.
Shoot, even the company's name reflects the never-ending changing terms of ownership that we've had to endure with this.I've been waiting to hear that tobacco is out and billy goat ear wax is just the ticket for growing vaccines.
Nah, this is one of the worst plays I've ever seen with respect to how it's treated existing shareholders. The lesson is obvious, don't ever get into an Andrew J. Sheldon deal too early.
And don't worry, there will be another size 14 shoe to drop here, you wait and see. Since when has a tobacco company paid much attention to the welfare of its customers, friends and partners?