TSXV:VER.H - Post by User
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SECTIONVIIIon Mar 10, 2011 11:40am
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Post# 18265674
RE: The Mistake -S8
RE: The Mistake -S8I have gotten used to the fact that everything is for the new shareholders as the old shareholders that have sweated with crossed fingers for years as these companies struggled are always kicked to the curb. There is no loyalty but then that is why we have motorcycle clubs.
I do agree however that there was no reason to hold out on updates for as long as they did. That was a poor decision in my mind. Remember though, I understand that this company was almost bankrupt so maybe they had to take it anyway they could get it. Maybe it could have been a lot worse.
With this type of play and the land holding they have, financing could have easily been done at $.50 which would have added a fair 64,0000 shares for a reasonable total of 136 mil.
It is not over yet though, but they sure did scare the buyers off !!!
S8