Dilution Ewwww!Haven't had much time to follow what's been happening with this train-wreck. I see shareholders got kicked square between the legs yet again, in the form of dilution to keep the lights on for another year. So much for Elmo telling the pretty girl in the YouTube video that they were cashed up for the next 3 or more years. Such a shame that the company pizzed away $20 million that they received from Teck so quickly. That dividend payment came back to bite copper foxx in the azz and then some. What a nightmare its been for any longs still left. As far as the PP goes, what's very telling is that EE didn't even take all of the PP. Only a small precent age. Clearly he's aware of the risks, otherwise he would have taken the full amount. The stock has rolled over and played dead. The stock is trading at the same price as it was the last time I looked at the share price of this stinker which over 3 weeks ago. ROTFLMAO.
I took a peek over at AG expecting to see Foxy's Always alias doing damage control over the dilution news, but didn't see any posts from him. Clicked on his post history to catch up on the bs he's been posting there and it has big BANNED letters over his name. I laughed so hard. Another AG ban ban for Foxybagholder. LOL. I think that's 11 or 12 for Foxy now. Hilarious
I'll check back in at some point in the future, where it's practically a guarantee that the stock will be trading around the same price as it has been for ages now, with a little cross trade volume here and there to move things a penny at the most on either side, but other than that, little to no actual buying interest. I figured when I logged in again there would be dozens and dozens of posts on the various boards for me to catch up on reading, but nope. The boards have mostly gone silent. So many longs have moved on to greener pastures. When Teck announced SC was being shelved I correctly predicted the stock would be dead money for a long long time, possibly years. And from what I'm seeing, that's exactly how it's looking. What a shame.
Enjoy your summer folks.