GREY:EWDYF - Post by User
Comment by
raybay_98on Apr 19, 2011 12:47pm
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Post# 18454190
RE: RE: We're On The Block!
RE: RE: We're On The Block!The stock chart and other idicators are telling me; First, EWD needs big $$$$ to move forward on one/any of their projects going forward which at today's price will be massively dilutive , second, they cann't find any farm-in partners unless they 'give it away for free' and third, as per the First Energy Report (April 11, 2011, target reduced to $1.25 from $2.00) "we believe that Eaglewood is an acquisition target for other players in the area"(why would they say that?). All in all, EWD is in a 'bind' and the vultures will get some easy pickings. One salvation, replace the whole board and management and get some credibility back into EWD which would likely be immediately reflected in a share price surge since the properties held have outstanding 'potential' but that requires execution which at present is lacking as displayed by the share price continuing it's spiral downward. Any contrary opinions?
JMHO