RE:RE:ConnedFor those we are angry, try attending today's special meeting or agm in future so you can let PCY management know what you think of them. John Lee unlikely won't be there but others will.
SomedayImgonnaberich wrote:
rgrowden wrote: I got into this a few years ago, at .65. I bought because they were going to have a mine-mouth electrical plant. It was in the bag, timeline was laid out, contractors and partners lined up, everything a go. Yeah, it was a go all right - it all went down the drain. I feel I have been lied to, cheated, and f##cked. Management, in the form of John Lee, is horrible. Ridiculous salaries and no regard at all for shareholders. This is probably the most dishonest company I've been in. Three years, hearing all these great plans and promises, and meanwhile my holdings are worth less than 10% of what I have invested. I'm not a short, and I rarely badmouth a company, but this one is a scam. If you're not invested, DON'T!
I'm in the same boat - I believed in the power plant and started buying at around .75, bought more just about every time John Lee bought more, all the way up to over 1.00. I kept buying as the price fell, trying to get my average price down. I bought all the way down to .50. Unfortunately the SP kept falling, below .50, then below .40, all the way to sub .10. I loaded up when it fell to .065 and it's sat near that level ever since. I'm down about 90% and have no hopes of it ever recovering. I sold the shares I had in my investment account for a tax loss this year, but the majority are in my RRSP and TFSA and I consider it a lost cause. If I ever run into John Lee on the street it ain't gonna be pretty...