RE:RE:RE:Surprise surprisesupra48 wrote: notacasino wrote:
No surprise. These weekly extensions have been happening since mid-December. My big concern is regarding the status of the bridge loan that was supposed to mature on Feb. 28 (as per the Oct. 30 news release). "The parties have also agreed to extend the maturity date of the bridge loan which the investment fund had given the Company, from October 30, 2015 to the earlier of: (i) February 28, 2016; (ii) the closing of the recapitalization transaction which is being negotiated with the investor; or (iii) the termination of the letter of intent." I really wish that these incompetent buffoons who are paid hundreds of thousand of dollars per year would get their Shiite together. At the very least, provide some type of guidance regarding the status of the lawsuits, the re-starting of the plant, etc. Absolutely shameful.
Shameless a&4$@)+ as.....holes is what we are dealing with I'll vote no to anything they come up it.f....em
Supra I feel your pain - A very dishounarable management/BOD. They have strung everyone along for months.
Most incompetenet Strategic Alternatives process I've ever seen.
Contrast what's happening here for this:
https://www.bloomberg.com/news/articles/2016-02-16/anglo-ceo-sees-1-billion-brazil-niobium-sale-within-two-months
Note Anglo American will have started thier review later then ours and finish before ours getting value for thier asset. We had multiple bids and this is what they've come up with...nothing.