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Run of River Power Inc V.ROR



TSXV:ROR - Post by User

Comment by smoking81on May 02, 2011 11:37am
377 Views
Post# 18517822

RE: Green Energy bankrupt

RE: Green Energy bankruptInsiders have no experience running companies and have just had to write off millions in bad projects. This company has never made a profit and others are just waiting for the last gasp before picking up the spoils. They can sell off the last bits at hopefully a bit more than the last placement but why did it take so long to close if it was such a good deal. I think this is the last attempt to keep this dog afloat so they can auction of the parts and sell some of the massive tax losses. A sure sign will be if staff get let go especially in operations. They will be focusing on media relations and nothing else to try and get some money out before the end. If this was a take over candadite it would have happened long ago.
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