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National Grid ADR repsg 5 Ord Shs V.NGG


Primary Symbol: NGG Alternate Symbol(s):  NGGTF

National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes the electricity distribution networks of NGED in the East Midlands, West Midlands and Southwest of England and South Wales. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. The New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.


NYSE:NGG - Post by User

Comment by risky_venturaon Dec 24, 2009 3:49am
525 Views
Post# 16616503

RE: NGG wins Worst Managed Gold Miner

RE: NGG wins Worst Managed Gold MinerA clown or incompetant manager could not so consistently underperform expectations.  The magic word is "mistake" or "mistakes" to explain what went wrong.  Referring to market manipulation that consistently disappoints investor expectations as "mistakes" suggests that the market manipulation is attributable to human error, instead of guile.  Ergo, because 'to err is human, and to forgive, divine, we forgive he who admits frailty...even when frailty is a sham.  It's how the SP is reduced on a valuable property so an acquiring company can build a foothold prior to a formal announcement.  With fewer shares trading and a low SP, a marginal initial offer can look tempting.  Then NGG's CEO balks, claiming the offer is too low, followed by a more realistic offer for remaining shares.

The earlier part of the scam is when the CEO fools a guru like JT into thinking the mining company is about to take off.  I think JT is honest, and I'm about as suspicious as any sane person can be.  Tax-loss season is about to end and I a hummingbird sings a happy song about bringing ngg into the family.
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