RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Keep your IveyGrad
You asked me "what now?". I am not sure but even, under the circumstances, the news could have been a lot worse.
Pre have stated that they are going to keep CGX as a company and they are obviously into it in a big way. That, along with GPM investing more must be a big vote of confidence in CGX and what they have.
The still have PA's and PPL's for up to 10 years! May-be the transfer of those licenses is not negotiable, so there's a trump card.
The fact that what has been agreed to-day may be a sour pill to most, conversely is a life line to CGX which they would be foolish to reject.
PRE has deep pockets and is so committed to CGX, and what they control, that they will provide financial backing to meet their expectations.
I cannot predict the future, but I can comment on the past and the past is behind us and CGX will move on and we will still have shares in this company.
If we ever do make money on this stock it will likely be less that what we would have expected a few years ago. However, we are still hanging in there and yes the price may drop in the near future, but where there is life there is hope.
It is easy to criticize, especially after what we have experienced to-day, but we must try to zone in on the positives of to-days PR. For those who cannot do that them I suggest that, for your continued health, you get out of this stock,
For those doomsdayers I suggest that you do whatever your heart tells you to do and go hide in your underground bunkers, but be sure to take a bottle or two with you to drowned your sorrows.