GREY:MGMCF - Post by User
Comment by
strelioffon Jan 14, 2013 7:28pm
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Post# 20837149
I took profits and fairly certain insiders did to
I took profits and fairly certain insiders did to MGM also has staying power as Clay is quoted as saying that he will continue to fund this company for as long as it takes to get the job done. He wants to see production for the north. Clay has the deep pocket to keep that promise and has been as good as his word, recently putting in $5.5 million into the company on a rights offering.
No shares were required to be purchased through the standby purchase agreement with Clayton H. Riddell = sell
Bill Simoes - My rule is "Follow the Money". I sold 99% because Clayton H. Riddell wallet did not open for this nor did it open for Paramount Resources Ltd. which speaks to me more than Seeking Alpha garbage
Beyond a loyal investor to the Riddell family.
I presently own an overweight position in Alaris Royalty Corp. and if I could short this stock I would.
I can't so it is best I call a friend after I dump my final 1%:)
Long-Term Sentiment Disclosure:
If Bill Simoes wants to follow the money he would comprehend Clay Riddell's wallet is beyond shut as he sent Trilogy Energy Corp. , Tourmaline Oil Corp., Paramount Resources to the debt markets and this to a rights offering with an unused backstop.
Sentiment: Sell