OTCPK:MEAOD - Post by User
Post by
miketrikeon Feb 25, 2015 7:28pm
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Post# 23465840
No positive way to spin this latest SNAFU
No positive way to spin this latest SNAFU
There is no guarantee they will be able to raise the funds at 6 cents. The SP suggests it probably won't happen. Almost no chance of a takeover either due to the horrible Sandstorm stream.
I wouldn't touch this until a major rollback, financing and management change occurs. Along with a renegotiation of the stream. Don't believe that people are dumping their shares at 4.5 cents so they can raise money to finance MTO at 6 cents and obtain some warrants that will most likely expire worthless.
I am thankful I listened to Btrevor and dumped this in the .20's. If management doesn't change, this company has no hope of success in the current gold market.