TSXV:AAA.P - Post by User
Post by
Ethanbrodie123on Mar 27, 2015 5:08pm
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Post# 23571060
reality
realityreality is that shareholders were told one story and what was really going on was a different story. They basically told us financing was all lined up and that equity was coming from existing shareholders they were just waiting on the technical reports.. Now, we learn that actually, the banks were getting nervous and/or dropping so their contingency was to try and find other sources such as royalties/commercial banks etc.. What I have learnt is to trust more of the "market" shareprice than what management says. even thought IR is supposed to disclose the truth, it is obvious now that they did not. I was in shock when I'm hearing now that farhad is very bearish on the market and that it seems like allana had lost alot of support.. but, before the deal was ensuring investors they actually were getting more interest. They were stating that the breakup of the cartel was actually an advantage for them.. Well, from what he just said on the conference call, was a complete lie. He has been stating that he is extremely confident about our chances of going to production and we will see the true value for shareholders.. This is another complete lie.. The deal showed absolutely no confidence we would get financing.. I just don't understand how people can get away with that.. I'm more or less angry for the long term sharholders that have an average price of .70 or higher. I garauntee when the holders of those shares were in discussions with management, they would ensure them that everything is progressing well or above expectations. In FACT, it was the opposite. I don't know how these people can sleep at night playing with peoples savings... To me, that is not a real ceo or management team. all they really did was let other contractors do the work and they sat there collecting the big salaries/shares. What really mattered was the financing etc and they could not get it done despite years of effort and potentially best cost producer in the world. To me, that shows how bad management is and it shows their true colors. I will never invest in a company affiliated with farhad and friends. (this writing makes me sound more crazy and angry than I am personally I am just posting the frustration that many investors who bought alot higher and were duped) I obviously was hoping for a better outcome so yes I am frustrated as well.. Having said that, if things were as "dire" as management says (so now do we believe them?) then we did probably get a fairish deal.... I still think it would still be on the low side of fair but for how much cash management has been burning, we probably would go through another 25 mil in a year.. and more dillution for no real results. Anyway here are all the hugzzzz I promised! lol