RE: Harping on Q1 financialsnoan, I hope you are joking
Financials are a clear indicator of the companies potential to move forward and how the company has been run in the past
Are they fiscally responsible or do they have a cash burn rate that is harmful to future operations.
Anyone planning on participating in the Ukraine activities will want to know where TSU is sitting financially.
Their bargaining power diminishes greatly, if they appear desperate.
When you buy a business or partner up, do you look at the financials or do you ask the current ownership where they think the company will be in a year from now and base your decision on their word?.
TSU currently has almost half a billion shares outstanding. That means since 2001 they have accumulated almost 490 million shares in pursuit of the Ukraine assets and potential, etc.
That seriously dilutes our share value at the end of the day, and leaves them in a less than attractive position when seeking joint ventures.
The 80% - 20% BNK jv would have seen TSU shareholders with 20% of the profits from the Ukraine activities, had that gone forward. Don't you want more than 20% of the pie if TSU can pull this one off?
This is not bashing, just fact.
jmo