RE: Nice PostsKidcool, I gave up on Augen Capital today - good luck with it but with the dilution and teh stupid decisions that the directors did to dsicount the company by selling shares at 50% of the liquidation value was the wrong thing to do. Wasn't the best investment decision to amke but wanted to start 2011 with less trash on my mind.
Their flowthrough business won't get off teh ground in my opinion as the last one lost 90% so good luck trying to promote it. Only chance the company has is with its Augen Gold holding so if that is where the value is , might as well buy the Augen Gold shares which I am undecided on still.
The shares can easily climb to the .10-.12 on limited volume but just sick of dealing with this story when the stock was easily worth .15-16 before they did what they did.
GLTA to all long term frustrated share holders and hope Augen Gold shoots to the moon so you can get part of that value into the Augen Gold shares. As a note the new .07 shares have a 4 month hold so you have a bit of tiem before teh fllod of .07 shares can be sold on the open market.
HNY