Todays C.C.It thought it was interesting that we had a sell off today rather than a few weeks ago when the actual press release was sent out. It clearly stated that as of March 31 2014 we were not in compliance with the debt sevice ratios (which is technical default). So we have been in default for 2 months already. Although upsetting to see the actual numbers yesterday, not surprising at all. We were able to do the simple math, in the end you can only fudge the numbers so much.
The fate of Ram belongs in the hands of this "strategic process" and really that could mean anything. Obviously they want to generate as much value as they can, but this can mean different things to different people. I bought this company at much higher levels (like others on this board), so selling at these levels really wouldn't make a difference. For me, and for a very long time it has been about getting something back. This has been a long ride down, so we will see how it ends but I do believe we will hear something rather soon.
There was a post tonight from someone saying "ignore the posters who take pleasure in this." Best line in a while. Sadly we see "non-shareholders" come back who try and rub salt on open wounds. I wish I had your ability to see the future so clearly.
I was a shareholder of Nevada Geothermal, although I don't remember it having that little run up. I did sell my shares prior to that, so perhaps not following as close during that time. But yes similar on how things have transpired.
Enough for today
Mark