RE:RE:RE:Proof of stupidity in communication by Vinnie3I'm down $35,000 today so I feel your pain. But the CEO would go to jail if he shorted the stock and didn't disclose it. No insider has sold for at least a year. Some insiders lost options rights recently, at get this, $12 a share. $12, its closer to $1.20, lol.
This hurts insiders too. Have to wonder about the Geo's who signed off on the REs for this mess. Have to agree that this has not been handled well which is management's fault. Did the Geo's sugarcoat this to management in July and have now had to fess up? Everything has been left hanging in the air with no date estimate for resolution given. This implys that they really don't know what the problem is and certainly don't know how to fix it. Eldorado's crediability is completely shot.
Someone posted that maybe good news is coming at the discussion of 3rd quarter results. I can't see what that would be. Only good news would be a settlement with Greece which looks to be 2 to 5 months away. Have to eat it for now but institutions and fund managers won't like to eat it at the end of the year when they have to report results. Burns has a lot of explaining to do.