OTCPK:MEAOD - Post by User
Comment by
tsoprano1on Oct 22, 2015 1:55pm
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Post# 24217259
RE:RE:RE:RE:CIBC Iceberg in the ask at 5.5 cents
RE:RE:RE:RE:CIBC Iceberg in the ask at 5.5 cents"In the meantime, what is the risk of buying at these levels vs. the rewards? What is the risk vs. reward of selling at these prices? I think we all know the answers."
I agree that we all think it is cheap here. Problem is, why are we assuming the sellers are so stupid? They are bailing and have been for months. Also, why has management not bought? Maybe I am shell shocked from some bad eggs at MAUXF, with criminal management and illegal goings on. But having no BOD members or management buying stinks to high heaven. This is my third biggest position and I would like to see management have some skin in the game. I will be voting every last one of them out unless something changes. In the meantime, I will wait for news and determine my next move then. I have been cheerleading this stock long enough. Reality has set in and I want management to act like they actually own shares as we do. The sellers seem to think .055 is a good price to exit for whatever reason and that worries me.
T
PS Up until yesterday I had planned on buying another 150,000 shares this week, but delay in news and continued selling has spooked me.