Dip in price
Yeah, i don't believe the 7 people who post on this board caused a $25,000,000 crash in the value of the company. I think that sometimes expectations are raised when certain timelines are given, and then are not realized. This was the cause of my frustration/anger last July when we were given the timeline of 4-6 weeks for FOMB approval, and 8-10 weeks later we get an update on the builder for Sage Ranch with no mention of FOMB approval. Everyone thought I was the crazy one, so be it.
Then last week we all read this quote ...
The anti-solar minority now have no political friends at all in charge.
I expect an approval end of next week or the following.
It would have been logical for any approval to come with this meeting today, and expectations were not met. Of course, this quote could still be accurate with next week within the parameters.
The objectives of the retail investor are much different than those of the CEO/board. The word 'formality' has 2 completely different definitions for the 2 groups. The hopes and fears and opprtunities are also very different. The cost of timelines coming and going are VERY different for the 2 groups.
I have learned to disregard timelines and expectations with this company. I came into this week not really caring if the price went up or down. I am WAY over-weighted GBR in my portfolio. In 2 1/2 years I have sold 2350 shares at $1.90 when I needed to make my Porsche payment and fuel my Shirley Temple addiction, which I totally blame on Jeff.
I do believe Jeff has the best interests of the shareholder in mind. I don't realy care about timelines. I don't believe Natalie will be able to stand up to the new administration. I sure appreciate Jeff's updates, without which we would have No Idea. Just know that when timelines come and go, the weaker among us will sell, and those of us with more patience will hopefully be rewarded sometime soon. Jeff will deserve a lot of recognition if/when that happens.
The nice rise in S/P was created by expectation, the dump we see today, by disappointment..
Keep selling and I will start buying.
'87