RE:RE:RE:RE:RE:RE:RE:RE:RE:The point is....
I will address you here. What would you expect people to do if there is a huge global and supply issue. The company has 500 plus outstanding shares and needs to look at other avenues to make monies to fund those other things which it feels is better to pursuit. If the company did not divest assets its 500 million shares would be well in excess of a billion at low raises. Let me ask what is the better move to divest at higher share rates or try to raise at more of shares lower values. Under the circumstances this was unfortunately from where I stand the best option the company had which is unfortunate. Again the decisions that are taken in are at those assessed by the board and where they believe the best option is and this is quite common for junior company's it is really too bad that things are badly exceberated by the global conditions one in which it is very likely management may have been overly optimistic on and found themselves in a bad position and then needing to reposition to bring any type of shareholder value it has happened in several stocks I owned and predominately those listed on the CNSX or not called the CSE. I tend to avoid this exchange but have taken chances on a few stocks here and there but in the end all proved to be worthless to me in regards to making monies especially on a longer term basis. But this can happen on the TSX Venture too. Again we may not like the decisions the only thing is we can keep what we have see where things go or dump and move on sadly no other recourse. The key is not to find yourself at a huge loss...old recommendation given to my Dad in the 1980s whether you are 20 percent up or down you sell everything. Brokers and day traders seem to work on this. If one trades equities as I say strategically there can be any numbers of ways to do so and people have to find what works for them. My strategy until I revise ir will be to use 20 to 25 percent of my holdings and trade them out at profit ideally or at a loss so I will hold cash and shares and then buy build and sell within and between stocks holding 50 to 75 percent. Holding an entire position is way too much market risk long term whether people think stocks are good or not pick all the choice words. Like I said if you are too preoccupied of blaming an already rigged system which you one has agreed to with very little legal recourse if any at all that is not likely going to end up in success. I am not defending this company in anyway that it is not already given protection by the safe harbor of all the disclaimers equally given to all others listed. Simply put we know the rules and if we continue to be involved in the game we need to stack things in our favor because this whole thing as I said is dirty business and will always be no one's hands are clean when agreeing to all the disclaimers that we do dye to people's sentiments which I understand and empathize with but that doesn't change the reality of the rules we agreed to and play by. We need to ensure when we are up we take some if not all monies off the table and when down I would say for me 20 percent same thing. Some people sell ahares off at 10 percent down and if the stocks drop further wait and buy when they level if they believe they will go back up or just move on. Again people need to find things that work and stop focusing on what is ethical or not because as long as people understand the difference between ethical and the legalities which companies are allowed to operate they will understand to take responsibility to ensure their success you can't worry about doing what the exchanges themselves are not doing and will never do that is why things keep going the way they are. But if you want real change attack the exchanges otherwise you will be wasting all that time and energy on a company to company to company basis. Again if you don't like the rules best not be part of what is going on. It's unfortunate but that is the reality of the Canadian Market but I think I posted over here that the American Exchanges in terms of dirtness is quite the same folks learn to accept and succeed in what is a highly rigged system against each of us. This is no different than gambling at a casino although in regards to a slot comparison we do have more control of things in how we move and manage shares the slots payout randomly. Like I said this is getting tedious and I just have to focus on managing what I have and stop putting my foot in my mouth making promises and trying to keep them. Do what you guys feel is right and I hope you find companies that are more to your liking and you make tons of monies with them!!!