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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by actionplanneron May 12, 2011 3:04pm
180 Views
Post# 18567781

RE: I DON'T UNDERSTAND....

RE: I DON'T UNDERSTAND....Saturn, I don't hold shares anymore , I held on too long to make a profit though.  I doubt anyone will take the share bait on this one till management proves up !  There was lack of news for 2 years except the monthly after hours Friday nr that they issued options  and pp @ 20% under current sp. That is FACT, no one can argue with that. For a company that "had the goods" and just had to mine it,  and never produced , has to make even  Santa Claus wonder what they did with the money.  I don't mean to offend current shareholders, but I think an inquirey into this as well as many other operations on the venture exchange should be looked at.  It seems these so called companies can issue stocks on an IPO for any price, pocket the money and start up another company. IMHO that is why most venture stocks will fail, lack of investor trust. The venture exchange has to weed out the people that head more than one stock, because without investors (gamblers) there is no money for them to survive. However in the mean time , many investors lose money to only feed the CEO's and directers etc. of BS companies.
 Sorry, just had to say this, I'm open for critisism , I'm sure someone will challenge me...lol
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