RE:RE:ACDC SHARKS ARE STACKING THE BID CAREFUL NOOBS click below
I know egt extremely well. I even talked to the past CEO Michael Carten and as to your point I may have mentioned how he answered when I said to him shareholders are upset and believe management only lines their pockets. Here is what he said he said it isn't the company's fault if there are profits on the table and people don't take them while they are there. He said the company's concern is to keep the operations running and the lights on in whatever way that must happen. I know a lot of about their past. They have been around for more than 20 years and in that time as to my knowledge they have not reached blue chip status. They are backed by Doughty and Hanson and shareholders were so disrespectful to the company at the then time saying it was like a dog whimpering for a bone when Doughty would get in on low raises take benefit of them while retailers were left holding the bag. I was there when it was trading at .25 was involved with Sommantaire Battery a German company gmbh whatever that stands for and got screwed on a contract that sent the shares plummeting to a nickel because the company needed to heavily dilute to carry on. I was there and said it is in the companies best interest to consolidate on possibly up to 5 to 1 basis otherwise it will have a tough time getting to .50 and keeping above and that was when they had 220 million outstanding shares. I have a history of prior to the Eguana name change Sustainable Energy Resources stg where saying solar was taboo but that is what they were working on the inverters. Don't make this about this company or that company it clearly isn't. There is a huge systemic problem when it comes to publicly traded companies and Canada actually growing successful ones and so I have and will maintain of my countrymen stupid Canadians because the way our stock structure is set up it breeds failure in 98 percent of companies that some of which go belly up others just only reach certain heights not that they can't reach greatness but that due to all the shorting the manipulation and people trading the shiate out of companies it is near impossible for them to do anything. At one time I would say I would not touch companies that have more than 100 million outstanding shares. The problem with the Canadian market especially Juniors is that finances brokerage houses want the cheapest price they can give and when they make their 20 or whatever percent the chop up shares Canacord is awful for this and has earned a horrible reputation but I have been around long enough to see most big financial houses are all the same. When companies can't do proper raises are put under pressure for results to come in unreasonable times and don't meet those unreasonable expectations which are way too result driven and that too way too short windows the company shares prices trade way too low and to keep things going they take what they can get and hence the huge outstanding 300 million is common nowadays. The fault lies more with the stupid Canadian set up that kills companies and potential jobs rather than help make them what the market was initially for. As companies over dilute don't have the value to do things on higher values while trying to gain traction on balance sheet so they may be able to take loans instead they are forced to do further equity financing it is a real common problem. This eventually becomes cycles of over dilution and consolidation with very few companies becoming anything but a penny stock which is really too bad. I rub elbows with people in entertainment film and they say people are horrible they want fast returns and if they don't see it take their monies out. Canada will remain predominately a branch plant with foreign companies on our soil employing Canadians because of this stupid mindset reflected on the exchanges more so the junior ones. And hey if we are flourishing like that as our film sector I live in BC we are known as Hollywood North that's cool too. The point of all this yes take your profit but the overbloat in shares has more to do with a rigged stupid Canadian system and mindset vs management badly mishandling the share structure for the most part. Anyways not about egt vs acdc there is tons of space for everyone it is about us as you said and about the only thing I am agreeing with you in quite some time is to take profit and understand how this damn game is played so given you know the rules and the deck stacked against you you still make your winnings.