OTCPK:GMNFF - Post by User
Comment by
drdiabloon May 27, 2010 11:09pm
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Post# 17138876
RE: RE: $1.1 million spent on a good time
RE: RE: $1.1 million spent on a good timeYes, the quarterly report of a large drop in their cash position and no current revenue was disheartening. Although the GobiMen did offer a justification for their cash expenditures, it was about what I thought they'd say, and I remain uneasy. I hope the GobiMen aren't zipping around Hong Kong in little electric cars, discussing deals that are never materialize over lavish dinners for which GMN picks up the tab. I hope their support of the SP isn't just to discourage a takeover by a more aggressive team.
They did something right to get to where they are now, but they've stayed where they are now for a little too long. While I'm going to give them a bit more time to attract investor attention, there is opportunity cost in holding GMN right now. It's like having money buried in the backyard. C'mon, stout men of Gobi! Onward fellows!