OTCPK:TNGZF - Post by User
Comment by
nedstar71on Nov 23, 2017 10:42am
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Post# 27018665
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Getting back in
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Getting back inI listened to the conference call and had been debating taking a small flipping position before earnings but didn't. Liquidiity has become enough of an issue that this isn't even a trading stock anymore. The conference call illustrated why this company likely won't succeed under current management. I think they genuinely believe they are doing a good job, or are at least determined to convince shareholders that they are. With this in mind it's difficult to imagine they will ever be willing to make the hard decisions and do any meaningful restructuring and cost cutting. Anyone thinking the dividend will be reinstated are out to lunch. Other than keeping management employed there is little reason from a shareholder perspective for this company to continue to exist. C'est la vie