GREY:OLEPF - Post by User
Comment by
goldn1on Jun 17, 2012 11:56pm
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Post# 20024227
RE: RE: RORO
RE: RE: RORO
RORO:
I am as frustrated as anyone, but it doesn.t get much clearer than their AUDITED financials. See below... They took an impairment charge of $1.4+ million, and then sold for $5K, actually showing a $2,216 gain on the sale.
This obviously smells fishy, for some reason Oromin didn't consider this a material event as the property was written down to Nil. Chet has never had much concern for opening himself up to exposure regarding litigation, everything he does is questionable, but he has the Board of Directors in his back pocket approving everything he does. Feel free to keep your head in the ground, but it is all in black and white!!!
G1
