RE:RE:RE:RE:Acts of desperation
yup
This is so typical of companies where greedy management care more about their control of a resource and paycheques than doing what is best for the company and shareholders.
One would think that there must have been better offers on the table these past two years than what we as shareholders are facing now ......which is total obliteration of our stock value.
Why would management be buying anything?????
They know fully well that after the consolidatin the stock price will continue to drizzle downwards and by the time they get to sellling their private placement shares the new price will most likely be in the low teens and that is after the 10 for one consolidation.
Meaning our shares become more or less worthless.
New company name , new share structure, out with the old shareholders and I am sure a few well placed news releases to scam an entirely new group of investors.
I wouldn't put another cent into this managment.
I have lost enough already.
Haven't sold because it is not worth selling and was always hoping they would come up with a reasonable JV partner and do what is best for us shareholders.
Alas they are repeating the same thing that they did with their last property they ownded....they are doing what is good for them and throwing us investors out with the bathwater.
Disgusting Bad Managment