RE:RE:Taking some R&R for a few weeks... dufflite wrote: quakes99 wrote: Mr. Gifford, why are they "worth a lot less"? In my opinion it's because of the Overhang you have placed on the company and share price. What you are feeling is of your own creation.
Seriously? I mean really, seriously? Since the merger announcement FCU is down, what more than 40% And you actually put the blame for this on FCUoversight? Don't you think that maybe, just maybe it's because Dev outright said "there are no other offers out there", with the only explanation for the DML fiasco was that they at least had some cash from Mongolia coming in so that Dev wouldn't be forced to go back out for financing (oh right, Mongolia was another slab in the shareholders face because it never closed). And now, without the merger, Dev has said he is looking for financing. So let's cut the BS mangement agenda you have going here -
Dev said no one wants FCU. Dev said he needs cash. Jim is sick what's being going on and wants to do something about it. 2 out of 3 of those reasons are why FCU is down where it is. I know you're smart enough Quakes to know what is what - but sure looks like you're hoping no one else is.
Sadly, cognitive dissonance is keeping most shareholders from seeing that no one wants to finance FCU for the same reason why "no one wants (to buy) FCU". Hint: the PEA is the biggest joke on Howe and Bay Streets.
IF FCU does manage to finance, it will be very dilutive, with a flow through and or a "death spiral" convertable debenture, tied to market price of the stock.