The only hope is to block the asset sales The idea that the board of directors would would give anything back to investors before the shareholder lawsuits are settled is optimistic. Has the company posted the date and amount of money shareholders will receive money if the asset sales pass? It's no mystery to me that there is no value in this stock and hasn't been ever since the plans were made for these sales. The nitwits on this board who had insider information and knew shareholders wouldn't see any value unless they sold were right all along -- but not because of technical analysis. The only reason I bought share in this company was because I believed that regardless of the present financial difficulties, that DEON and the BOARD actually wanted to run a mining company, and that the value in the mines justified the financial issues. In the worst case I expected additional dilution. I never considered that DEON and the BOARD had no intention to run the mines, and why would I?
What evidence was there that DEON and the BOARD were not interested in running a mining company prior to January 2012?
The proof of this fact is this: even though DEON and the BOARD could have kept Ezulwini and used the cash from selling MWS (a worst case scenario) to solve the debt issues, instead they chose to sell Ezulwini. Never mind the prices they are selling these assets for. Never mind the behaviour of the company prior to these asset sales. Why the hell can't FIU run Ezulwini?! This makes no sense if you are a mining company. Somebody educate me why this isn't enough evidence to prove that this entire company was fraud all along.
Anybody left with shares in this stock better be ready to get nothing because the idea that FIU will give shareholders anything for their shares is beyond my understanding. You would have to trust DEON and the BOARD more then I do.
The only hope for shareholders is to either sell now or block the asset sales. You won't see a penny per share once the lawsuits start.
To me, DEON and the BOARD are criminals. They have been and are committing fraud. They have stolen my money because I believed I was investing in a mining company when, as the evidence shows, I was investing in a fraud.
Here's a trading tip -- sell now. Even at 0.07 per share you are getting more then you will if the asset sales are passed.