TSXV:CVI.P - Post by User
Comment by
Nofool1on Feb 13, 2013 12:44pm
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Post# 20982185
RE: Canadian insiders
RE: Canadian insiders GMJFAR - everyone shares as a percentage of company ownership rises the same do the math and read, the vast majority of the athos shares were held for years before they combined the ownership. Yes, the valuation meterics should normally go up to represent few shares owning the same asset but given this is management's 4th or 5th buy back and the SP has gone down each time - you can guess what's going to happen down the road. Did anyone else notice that almost all reference to Ethiopia is gone from the web site, now it states only that the company did sign an agreement back in 2008, with no status. Remember that they signed the agreement in 2008 that stated they must do seimic work and drill one well within 4 years. Well its now 2013 and nothing. I wrote to the company asking for an update and no response. I would like to see others writing and calling the company and requesting more information.