GREY:STPJF - Post by User
Comment by
nikeherculeson Dec 06, 2013 5:34pm
417 Views
Post# 21980907
RE:????
RE:????You're not going to like my explanation but...
Why should they give a sh!t about us? Most of STP security is very tightly held (Sageview and IG own about 100 million shares) - so those guys get access. The CFO knew Sageview's share count by memory. I know...because I purposely blurted out the wrong number, and he corrected me.
They have recently been re-elected. If McKay doesn't work, they don't need to worry about getting re-elected next year.
Equity financing at these levels is suicidal. So who cares about selling new shares?
They have enough cash to ramp up or fail trying.
Management (I hope) is concentrating on getting McKay working, so forget us little shareholders, at least for now. Get production up, investors will return.
So who's in STP? Big institutions, a couple of traders and a whole bunch of insiders.
So to get a better idea of the big fish, I suggest reading sageview's website. having them on board is good, because they do their homework and it's their own money.