GREY:CLLZF - Post by User
Comment by
bladerummeron Feb 05, 2012 12:31pm
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Post# 19492032
RE: RE: RE: $1.25 will be the g'bye figure - Blade
RE: RE: RE: $1.25 will be the g'bye figure - Blade Oldswine and his statement defending the old crate CEO who lied are not exactly accurate. I saw that video link that had him on that business show BNN with Amanda Lang. She asked him about financing for further development and any dilution....CEO stated on TV "we are now fully financed for Algar and ready to proceed to our next phase and target of 50,000 b/d by 2015" It was actually about 1 month later shareholders got stabbed with a surprise 100% share dilution and a pathetic .90 cent share offering that was 40% below market price and took forever to fill. If you buy 1 million shares on the day of that televised statement, only to be massacred by this surprise news financing 1 month later, you have a legal right to fight being robbed by misrepresentation. ASC, OSC, who cares, the scumbags walk away rich with zero penalty. This was a crime. If I knew further financing was involved....I would not be here today and would have sold at a .40 cent loss after 5 yrs.