GREY:HRIVF - Post by User
Post by
discernon Mar 31, 2010 9:21pm
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Post# 16946965
My conspiracy Theory
My conspiracy TheoryThings that we need to pull together
Most likely Severstal will be selling off its gold division or assets
There are Troika Shares outstanding
Severstal wants the most money possible
There is a deal in place with Troika regarding the shares, but there is a hold before the shares can be traded.
The hold is four months? which means that HRG can not purchase the shares back until April 2, 2010.
Maybe there is an agreement in place to buy back the shares on April 10th. HRG released the news, knowing it had to by law, but is holding up the auditors report so that price doesn't climb to full value before they purchase shares from Troika.
Perhaps, there is an agreement between HRG and Troika about this arrangement.
Anyway, the audited statement which requires Prognosz write down to be recinded. . . is too goo of news and would put too much positive pressure.
These are obviously positive happy thoughts. The other option is HRG is just messing with us once again. The reason I don't think they are is the overall positive results along with the first line above, that Severstal is planning on selling all gold assets and is cleaning the books so that HRG is valued as much as possible.