Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

SciQuest SQI

"SciQuest Inc provides cloud-based business automation solutions for spend management. Its offers procurement solutions, spend analysis solutions, supplier management solutions, contract lifecycle management solutions, & accounts payable solutions."


NDAQ:SQI - Post by User

Comment by zzzmanon Oct 17, 2011 11:06pm
470 Views
Post# 19157868

RE: RE: RE: sqi

RE: RE: RE: sqiLook at it this way.  The management of SQI are really subcontractors for New Gold.  New Gold has so many deals on the go that it is worth it for them to let the SQI managment run the new company.  New Gold already has their foot in the door so when the new company is successful (and it will be) they will just take it over as well.  This is one of the best win/win situations that I have been involved with for a long time.  New Gold has a 9.9% interest in the new company.  We, as part of the deal, now have shares in New Gold.  Their president said in the August interview (the interview is on New Gold's website) that they plan to move the current production of 400,000 oz of gold to 1,000,000 oz. over the next 3 or 4 years.  New Gold moves up and down with the price of gold.
<< Previous
Bullboard Posts
Next >>