RE:RE:RE:RE:RE:Why The Selling?Haha, get real. Good luck trying to pump your bags to new suckers. The well dried up years ago!I must be hitting a nerve when people go running to the moderators on a dead board.lol
Contrarian333 wrote: No Bro - you've got my cost base all wrong (I've traded this thing multiple times and reupped last week). As far as being a bagholder or a "pumper" I'm hoping I'm not the first and definitely not the second.. You see I don't care what anyone else does.
I think I have a pretty accurate view of the situation. Badly run company long on promises but short on delivery with a balance sheet problem.
However, as I said in a previous post I was impressed with Ryan's Q presentation, his handle on the facts, his straight foward ness in answering questions, and the cost savings he has been able to wring out of the business to date.
I know what my bet is. If BMO pulls there loan there is no value for shareholders. If they do not OR more likely if an alternate financing is arranged (doubt it would be the sale of Bluewater) the torque in the share price is tremendous.
Who would finance? Well who are the various parties who benefit from the Company staying alive and avoiding a restructuring or bankruptcy??
BTW - were I still managing external capital I would do the financing myself and create a self fufilling outcome. I would provide a secured loan against the various business lines and take a whole pile of warrants at a negotiated premium to the share price.
Lets see what happens. No promises that I won't continue to trade my position though. That seems like a bad idea to me today but I can change my mind on a moments notice.