OTCPK:CRZNF - Post by User
Comment by
johnathamiltonon Apr 28, 2018 9:50pm
137 Views
Post# 27955058
RE:RE:RE:RE:RE:RE:RE:RE:RE:Share Consolidation!
RE:RE:RE:RE:RE:RE:RE:RE:RE:Share Consolidation!Wow! I never considered that I would be taken with such seriousness! I'm sorry about your problems.
Like anyone who posts here, we are all responsible for our own investments - and just because I was very optimistic about this stock a long time ago, doesn't make me "a long time pumper". I've posted little about this stock for years - so your anger at me is unjustified.
Like many who have invested in this stock, we've learned over the years that CZN's management have largely been unable to bring this mine into production and that this situation is unlikely to change in the near future. As a result of this failure, the financial situation has degraded significantly to the point that upcoming debt obligations will likely lead to further shareholder dilution or even loss of the assets to the lenders.
Based on this assessment, I've sold off my shares at an 80% loss and am moving on. I won't be posting again unless I find some reason to invest.
For anyone who is interested, I would recommend that you read the posting of other investors. I've been followoing Taylor Dart (pseudonym?), Sven Carlin and "Fun Trading" on SeekingAlpha. While no one is perfect, different opinions and strategies are worth learning about and that knowledge helps each of us to become better and more successful investors.