GREY:CRIUF - Post by User
Comment by
deisman03on Aug 02, 2018 4:56pm
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Post# 28407142
RE:RE:RE:RE:This is a POROUS Management team
RE:RE:RE:RE:This is a POROUS Management team In the past 14 months this trust's price has dropped 53% from its high of $C11.36 to its present price,
There were some key mistakes made by management. They were quite visible, IF YOU KNEW WHAT TO LOOK FOR.
For instance 3+million units held in escrow that were going to be released on the markets after the first quarter of 2018. Then there was the $C100 million in subscription receipts which went into play sometime around June 2017.
That $C100 million represented all of their available cash and dramatically increased their payout.
Subscription receipts can be played almost from the moment of the agreement. This happened and the shorts started smelling blood, same with the escrow units.
Then there was the very suspicious and unusual RED FLAG where Crius sent $US1million OFFSHORE, supposedly as an investment. A few months ago the General Manager/CEO resigned. He owned and maybe still does a lot of units.
How does all of this tie in????? $US1million goes offshore/GM retires.
Some folks would thing that was a non declared golden handshake, which could have been withdrawn with a unitholder vote at the AGM. This way it can't be touched and at this point seems to be untraceable unless you have some very indepth information and skills to track it.
THIS IS WHY THERE WAS AND STILL IS AN ONGOING SHORT ATTACK.
Today's dead cat bounce was short lived on relatively high volume. Maybe because we're headed into a long weekend???
At this point they seem to be bringing in enough cash to pay down their legal obligations, debt and the distribution. This will only be true if they don't try to do any more acquisitions and dive into what will be very expensive debt.
Solar is a drag on their cashflow and was a poor investment at the time of acquisition that may have been politically motivated. BIG MISTAKE, especially with all the warning signs.
If they decide to slash the distribution to aggressively this trust will tank again and become another lackluster entity like Just Energy. The only thing saving them from this is the lower and handlleable debt.
This is all just IMHO of course.
GLTA the good folks here