OTCPK:EUCTF - Post by User
Comment by
Chutzpahon May 03, 2017 4:10am
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Post# 26196562
RE:RE:Bond trading
RE:RE:Bond tradingkidl2 wrote: I am probably going to regret wading into this endless basher vs pumper argument but as long as these “bashers” dig up information I had overlooked and especially if it’s information which quite literally burns my a&&, I’d be shooting myself in the foot by unilaterally dismissing their posts as senseless bashing as some people relentlessly advocate.
The post I’m thinking of:
https://www.stockhouse.com/companies/bullboard/v.euo/eurocontrol-technics-group-inc?postid=26193439 EUO was sitting on some $11 Mil last year and earned $60,632 on this money after realized and unrealized losses of $66,084. That’s 0.55% or 1/3
rd of what a dumb dumb GIC would have earned them.
Where on God’s green earth was EUO’s (part-time) $100k/yr CFO? Where was the brainpower of the independent Directors which received $150K plus options last year?
OK, OK, it’s “only” $100K which was virtually pi$$ed down the drain but darn it all, part of that $100K was mine and I happen to subscribe to the “Penny / Dollar” theory.
Top notch post.
How on Earth people expect any respect for this team? 2 years ago it was all about what great adquisition would EUO make with all thhst cash and now its all about trading bonds and spending in R&D wtf!
BTW if they ever really wanted to buy anything with that pile of cash another of the CFO's tasks would had been to warn to stash at least a (good) portion of that cash in the functioning World reserve and business currency, the USD so as not to lose buying power to the vagueries of a weak coomodity driven currency as the Loonie is. Plenty of time to have accomplished that during 2016 at prevailing rates that would show a very nice CAD profit right now. But what do I know hey Im just a poor guy kicked out of McDonalds forced to work as a basher making 1c for each post, LMAO.