RE:RE:RE:And the dumping has begun againstack you seem like a patient investor & person and I admire that. I sincerely wish all venture exchange investors were like you, I truly do. The problem is they are not...far from it.
I'm not saying we should turn EUO into a P&D, those are brutal as you pointed out, and no one wins on those (except maybe the algo bots). However, we do need a little "pump" if you will.
The last 6 months is a perfect example, we took our time, had very little news and waited for investors to "find us". It didnt happen, at least the shareprice is lower than before the first LOI NR was put out there. I don't necessarily like the market we have to operate in but we HAVE to operate in it (unless we quit altogether). To ignore the modern day traders demands is a mistake in my view. I obviously don't have the answer otherwise I'd be making billions right now but I think we have solid business fundamentals mastered, let's work on the urgency piece...at least a little. If Bruce were to say something like you just did that we will take our time, maybe go several months between news release, this stock would be under 10 cents right now. I can guarantee that.
stack wrote: xsnrg, what you're talking about is turning this company into a pump and dump. Thats the last thing we want. We certainly don't want Bruce just going out and buying anything just to give that 1 day boost to the share price - you do that and you risk turning this from an investment into a daytraders dream and those stocks usually end badly when the constant cocaine-like addict wants more news, more action, constantly. It doesn't work like that. Bruce is building a business. It doesn't happen overnight. He made one big deal in 2015 (2016 if you factor it just closed officially in January) and raised $16 million for the company. In this dire market, thats no mean feat. Now, I'm sure he has lots of potential opportunities he is following up on, but its vital that he makes the BEST decision and choice in the interests of the long term success of the company, not just to create a short term spike in the share price, that will inevitably end up going right back to where it came from.
So with a small company like this, we should expect periods of several months at a time (or longer) with little to no news and then as and when they have something material to report, it will get released publicly and then they can go around and promote it.
Its up to investors to find companies like this that have cash to backstop their share price and good future prospects. I can think of very few on the Venture Exchange that compare to EUO in its risk/reward at current levels - but the reward won't come tomorrow, maybe not next month, it will come over time as and when new assets are added to the company that can generate more returns similar to what they brought us in 2015, which really they are not getting the credit they deserve for. Most small caps got destroyed in 2015. EUO grew and not just a small amount.
Kudos to Bruce and I'm happy to own this and add the ocassional few shares if it stays around current levels in the 0.14 to 0.19 cent range, which is really where we've been consolidating for 4 or 5 months now, before the next leg up in due course.
good luck all.