RE:RE:RE:RE:RE:RE:RE:Another tough day?Great points. Noted on the shorting too.
Just have to say that I'm not happy with the Dual share system either. This R/S's timing is only one reason why the Dual Share System sucks. But that's only part of the overall problem of this company. The Family could do well when or if, they give up the Dual Share System.
bago wrote: I acually was referring to the different share classes
not the R/S. This has been an issue for many many
years. Institutions will want equal voting rights. If
the bomber is serious about attracting istitutional investors
that has to change imo. This has proven not to work
over the years so it's time to change that structure. I also don't
believe the shares were severely shorted but more profit taking
since the sotck went down as low as .25. I'm sure there is always some
shorting going on but if you got in at .25 - .50 many started selling
over 2 and as the price was dropping probably a lot of stop losses
were being triggered on down days for those who wanted to book
profits instead of riding it down. At some point it will bottom
but with a severe threat of a major reciession there may be a lot
more pain before we see a reversal. The R/S is fine with me but
the timing sucks. If the R/S was done back in the fall and an
offering of 100 million was done then it would have taken
care most of the debt but hindsight is 20/20. Markts are so
jittery right now who knows what will happen. Keeping some dry powder in
times like this is never a bad thing. i'm 50% cash and happy about it.