RE:RE:What I am seeing on this board is very similar to what I thank you BB for your posts. you have brought out my point. we have lost TWO THIRDS of our value since the reverse 7/1 split. sad. we were promised institutional buyers and a partnership if we approve this split. sadly, none came to fruition. back then, i posted, what institution would buy a $.0.25/sh? because of the partnership potentiaL, i reluctantly agreed to the reverse split bcause of the super secret potential partner.. NOTHING absoluteley nothing happened except we have since TRIPLED dilution with no increased value.
on the good side - we have a name for a potential partner. this is good. let's see what happens.
i am not part of the 40 longs. i started buying a little in 2009, much more from 2012 thru 2016.
i cannot put complete blame on management. there is an overwhelming group of old buyer who refuse to see reality as it was back then. they saw pie in the sky projections of wealth. as far back at 2014, based on production of a working mine, amount of shares outstanding,etc, i estimated a per share price of $0.75-1.40/sh.
some old timers agreed, most did not.
the ones who disagreed were shooting for the stars, they control the voting block. this, i think, led management to their erroneous direction. like any politician,the corporates felt obligated to follow their lead. so, today, i do blame a lot of the old investors for erin's failures. we could have done so much better.
new investors, please understand, do your best to steer this "astray" ship into the right diection.
the asset is AWESOME.
GLTA.