TSXV:AUN.H - Post by User
Comment by
Baer1on Jun 22, 2014 2:52am
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Post# 22683544
RE:RE:RE:RE:RE:Aurcana Closes $5,060,000 Equity Financing
RE:RE:RE:RE:RE:Aurcana Closes $5,060,000 Equity FinancingMatt, the $25 M isn't there any more. LR is buying machinery for LN, has to pay for Shafter C&M (don't forget the property taxes, just paid mine), and how much did it cost to put all these financing deals together? Interactive Data, who supplies figures for QTrade, has Net Earnings for AUN at annual -$134 M. You do the math. I'm hoping that there will be a class action lawsuit when Lenic has finished gutting this company and tries to sail off into the sunset. My current value of shares is less than10% of what I invested about 5 years ago. I think it's going to get a lot worse. I've dumped half of what I held, and am just looking for the right exit. Hope I haven't missed it already. I made a similar mistake with BCI about ten years ago. Everything looked great, until it didn't, and it happened fast. I think I finally dumped like 80,000 shares at 0.05. It went belly up a week later.