RE:RE:RE:RE:NO HOPEI've maintained from the beginning this company does not belong to shareholders. People claimed that management would be booted, they'd bring in new board members, yadda, yadda, yadda. This company is run by management, FOR management. No one can claim they didn't have ample warnings from many on this board and potentially elsewhere.
If you own RM, or any other Forbes & Manhattan stock, I would encourage you not to judge performance based on share price appreciation, dividends, buybacks, etc. like you would a regular stock. Rather, you should look at it from the perspective of management. Can they afford to pay themselves for another quarter, if not, can raise capital for another period of time, how much can they get in the form of bonuses? etc. Based on these metrics, I would say RM has performed fairly well since it was re-purposed.
Not saying its right or honourable, but if you look at it through this lens you will be far less likely to suffer disappointment. That's all.
Pandora wrote: foundryman wrote: Unfortunately, it doesn't look good for RM, but everyone should have been aware based on the fact that there hasn't been any communication and the share price is where it is.
Even if RM is finished, the positive is that they were still showing around $800k in investments primarily from Fura Gems and Sulliden. That might just be enough to pay management compensation until the end of the year. Fingers crossed!
Why is that a positive? Are you part of management so that would mean you will share in some part of that $800K. As an ordinary shareholder it just looks like a writeoff and a tax loss entry if it's not in a registered account. Don't see a positive.
Cost Fair Value
Yukoterre Resources Inc.1,000,000 common shares $50,000 $50,000 Fura Gems Inc. 1,580,000 common shares $549,015 $244,900 Sulliden Mining Inc. 8,091,500 common shares $2,612,252 $566,405
That's about what they have left in the purse.