RE:confused!Once upon a time, when the news were promising as well as management on the phone, I was quite positive about SMI.
Today no more news about any development of their projects no more management on the phone ("Sorry, out of office", "travelling", "in a meeting"), except of one guy who is always veeeeery excited about each and everything but can not answer the simple question whether they started to shoot seismic in December or not ("I don't know"). How rediculous.
After reading the Q3/13 report I wondered why they haven't filed bankcrupcy already with hardly 1000,- CAD$ in the drawer.
As long as management is dumping shares in huge amounts, after somebody drove the shareprice up, as long as their are no news about Vector deal (seismic, drilling, financing), additional seismic and results, drilling schedule (where and when), developing of coal projects etc. there is hardly any reason not to be sceptical about what is going on.
Conclusion: Lot's of promises in the last couple of years but no deliveries, instead tanking shareprice, pump & dump as well as diluting the stock with placements.
Maybe one of the pumpers on this board can convince me with some PROVEN facts that I am wrong, but i don't think so.