Spyglass Resources Corp SGLRF

RE:George Armoyan and Spyglass

[power_auditor]

Well BlueCollar51,

By all accounts Clark Inc(CKI) has a majority of its shares controlled by entities very friendly to George Armoyan including an entity named, seemily after his sons George and Sam(Geosam).  

I  consider the 6,000,000 shrs Clarke Inc. owns of SGL and the other 860,000 controlled by "family" members to Mr.Armoyan to be considered in my view very friendly to any desires of our current Board of Director member(George Armoyan).  6,860,000 / 128,076,720 = 5.36% 

As a comparison the current  BOD(Insiders) owns 3,160,370 / 128,076,720 = 2.5%

Unfortunately I am new to the game here and my shares can not be counted in the upcoming AGM....even though I understand the modis operandi of George Armoyan is to be very similiar to Carl Icahn...find undervalued and un-loved companies with rich assets and with a "depressed" share price and get on the BOD and then find ways to increase shareholder value,ie. increase the shareprice by all means possible.....looking at the last election to the BOD most seemed to have received at least 80% FOR.   SGL is not struggling as a business it just seems to be burden with some debt that might be addressed in any number of ways...including an issue....or assets sales....all of which has been mentioned by management.  George"s presence might help in finding a partner for a JV or outright sale.....this is an unknown since the cost of funds is cheap,maybe 4.5% to borrow and the entities close to G.A. receive something in the order of $1,852,200/yr in dividends....not too shabby....on maybe a $10M investment(do not have the precise cost....might be more or less).

I am thinking that the present BOD will be elected in its entirely come May 15/14,which is fine with me(you have to trust mgmt)....since I believe the shares are under-valued and depressed from their fair value of at least $3.13 to over $4.89 based on what the company has written on the subject...50% to over 100% profit on any "investment" is not to be thrown away to my way of thinking.

I do not believe SGL is in the same boat as Sherritt when it comes to the presence of George....and when you think about his presence....if G.A. really wanted the company then why not put an offer on the table for all to read/see?????   If I may answer this rhetorical question(I would never believe this to be his style)....with a thought....G.A. probably likes to buy cheap when possible but understanding all the assets never hurts.  Information is king.  

Everybody profits with a rising shareprice(new issues aside - double edge sword) and G.A. might encourage some new eyes to take a look today(Is SGL still in the mkt for a JV Accountant?)....ROI is key....nobody likes to have dead money.  

As you posted better for all to do their own DD before investing here or anywhere.

On Monday April 21/14.... James Hodgkins(Curvature)...was short a few last time... reports on BNN  at 6:00pm ET....might be another buying opportunity or not.  Shorts must love paying that dividend every month for the last 10 months or so now.  

Just in case anybody believes I do not like shorters...HerbalLife shorters seem to have some life after a yr  or so of upside....maybe the  Ackerman Vs Icahn story is yet to be written over there...bull or bear take your pick and put your money down!

GLTA.