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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by lucci2005on Feb 05, 2010 9:27am
393 Views
Post# 16755283

RE: RE: Monday is crash and burn day

RE: RE: Monday is crash and burn dayNo offence to anyone but I hate hearing "buying opp".  How much more of a stock can you really buy???  I'm frustrated because NAG keeps moving sideways while they keep issuing share options to their management and keep increasing their outstanding shares.  They should be trading much much higher as they potentially and very realistically have hundreds of millions of revenues coming their way in the next few months/years.  So why are we stuck at 0.13?  And possibly going even lower in the next few days?  It just doesn't make sense.

Don't get me wrong, I've been here for over 2 years and I still believe in their potential.  But over my time I've only seen them issue more and more shares and the price over the 2 years has only decreased.  Yes I bought high but averaged down with all the "buying opportunities" over the last little while and have an average of around 0.18.  Which is peanuts compared to where NAG should be and most importantly, will be.  That is if they get their act together.  I have no problems with issuing options and shares to your management and employees.  My problem is giving them shares now.  Give them shares and options when you are making money head over fist.  Not now when you just started production.  Make them work to get the rewards.  Issuing the options at 0.50, not 0.10.

GLTA.  Still holding, but truly frustrated.
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