GREY:AIIFF - Post by User
Comment by
woolwichon Mar 14, 2015 3:18pm
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Post# 23521476
RE:Be nice if it were true
RE:Be nice if it were trueVery well stated; ARF was bereft of capable management, Board-level direction or the ability to run a two-car funeral. As in all such situations the holders of the corporate cheque book did very well over the last four years. I continue to believe and await disclosure that somewhere in this miasma there was a corporate jet either owned, leased or regularly used by Anderson and his senior team.
After being caught-out and fined on circumstances surrounding the last public share offering there remains the mystery of how so many stakeholders continued to be fooled into believing that better results would come about. Seemingly even Huber Capital, with a one-time stake of over 4.5 million ARF shares, held on for most of the ride from over $8 to 8 cents (or less). The volume of trade coming through broker Jones Trading may be indicative of Huber finally trying to leave this sinking dingy.
Given all that has happened since the third quarter results were announced it is nothing short of a travesty that some financial details have not already been disclosed for the fourth quarter. As has been observed by others on this Board, it seems certain that Brookfield already knows those details but all other stakeholders remain in the dark. So much for having any meaningful form of market regulator. Even the media in the comany's admin office location has shown no interest.