OTCPK:EUCTF - Post by User
Comment by
xsnrgon Nov 13, 2015 2:16pm
101 Views
Post# 24289697
RE:RE:RE:RE:Reality
RE:RE:RE:RE:Realitystack wrote: xsnrg, I totally agree with you in that Mgmt needs to communicate to us what their plans are going forward with this new cash injection. But the deal really needs to get voted on and subsequently approved first before they can do that. There's nothing to be gained in them coming out and saying what wonderful things they are going to do with $16 million....and then the deal doesn't close and they have to backtrack on all those promises. You never want to disappoint the market like that. So, yes, we need to hear much more detail on their plans, but I dont see that happening until we have a deal in place and signed off on 100%.
Yeah I think you pin pointed the whole issue.
They can't exactly make us vote on the deal AND what they plan to do with the money, that would cloud the issue. What if you liked the deal but not what they wanted to do with the cash, how would you vote? I am sure we will be voting on the deal and if we want $25M for GFI...period. I guess it would be nice if they could somehow hint at what they plan to do with the money without having to backtrack on promises made (because your right the market hates that). Can they they issue an NR that says "IF the deal is approved we will do a special divvy or buyback or acquire companies etc.?" Probably not ideal but waiting until the Dec 18th without any word doesnt seem ideal either, I am a patient guy but we all have our limits.