Spyglass Resources Corp SGLRF

RE:RE:RE:RE:RE:insider buys in September

[sanityseeker]

501 - Sorry to hear of your loss on this one. I do strongly believe your loss is in large part due to the negligence and self-interested actions of those managing and governing this company. I really don't think this is a stock to try to bottom fish on to try to recover your losses. A company run by crooks who don't represent your interests has limited upside. An add to your position here makes sense only in the context that management will take actions in their own interests, that coincidently also increase share price. If that's your bet the most balanced answer would be to hold your existing position, but not commit more of your hard earned money to this.

Not everyone on this wall is in a position to know what the best course of action was over the past year and previously to create and increase shareholder value, but I have little doubt that management knew that it's actions and capital allocation were complacent if not destructive. When I have more time, I plan to work through filings to quantify money awarded to Tom and friends during the last few years in the course of destroying value, while there was opportunity to create value.