RE:RE:Let see if Treetop and Fastff are on the callfoundryman wrote: zzstocks70 wrote: You 2 should share your insightful wisdom on the conference call rather than hide behind your screen and throw out useless remarks. Imo.... glta
If you're on the call, ask him how's business in general? The financing units AAB, SMC, and RM look like they're on the verge of bankruptcy. Or, you could ask him about ESM, man that's been a real winner! Or ART, FURA, TLG, oh I could go and on!
Don't ever stand up for anyone connected to Forbes & Manhattan, as you'll look really stupid fairly quickly. Time is always your enemy when holding their stocks. Best day to sell was yesterday. If you already own, best thing to do today is sell. Best thing you can do in the future is never buy. Management will screw you. Read the above to them on the CC, would love to see them justify how badly they've treated shareholders.
Foundry, I don't know much about the companies you have spoken about so it would hard for me to comment on that part as well speculate. I've been in AGG long before F&M took over. I bought in because the property has incredible possibliites. From my perspective, this company was poorly managed and without F&M buying in, I likley would have lost my enitre investment - which is always part of the risk. F&M buying in has kept me and others in the game.
From what I can tell F&M are into AGG for double digit millions. I'm in for nowhere near that. My piece of the pie is a rounding error when compared to what F&M are in for.
For them to move this further, it will take dilution. I can choose to buy more and not get diluted but now my risk has increased. I don't expect F&M to take risks they have and not expect them to make significantly more than I will make.
Foundry, I'm sorry you have lost money but based on your note I don't think the high risk game is for you. Suggest you stick with solid companies that pay nice dividents and may increase in value over time. If you think the high risk game is for you, suggest you really get an understanding of what you are buying into and temper your expectation on return. You will never get back what the big boys do, but your goal should be to make a very nice return given the risk. This exists with AGG. Koboda is very well known in Mali and Stan is pushing it hard and I believe is looking to make hundreds of millions of dollars on this play. If he makes hundreds of millions, I will do very very well.
Take a good look at AGG and feel free to join the CC tomorrow. Don't let your mistakes from the past prevent you from making money going forward. Learn from them.