OTCPK:SPVEF - Post by User
Comment by
nilyabon Sep 28, 2011 7:25am
237 Views
Post# 19091919
RE: RE: RE: RE: RE: winner
RE: RE: RE: RE: RE: winnerThe feeling I get is that Rob Rennie is very keen to increase shareholder value these days, since he has recently been given by far the largest number of new options (700,000 at
.37). He is or has just been with Xingfa in China, according to an email he sent me.
I know that the Chinese have a reputation for being dishonest, but Xingfa is a state corporation, and so international face saving is involved here, one that may affect deals done by the Chinese in Canada.
I agree that it's far too early to be pessimistic. And, there is always the chance that Xingfa may simply buy out the Chinese operations of Spur, which would leave Spur all in cash, probably around 60 cents per share, no longer identified as a "Chinese" venture.
Then, I guess, what we have to worry about is some "Vancouver boys" arranged merger that gets around TSX objectiions but still doesn't give shareholders what they deserve. Some people I communicate with are jsut as suspicious about that as they are about doing business with the Chinese.