RE:RE:RE:They simply did not keep their word100% agree and will vote no on almost 100k of shares.
lovehockey wrote: You have to understand one thing. Gear Energy is a small cap stock and the only reason most of people bought it is because they were willing to be in this long term but got paid with the divs. If I wanted some kind of a company that pays no dividends there are about 50 much better names than this. That is why this lie by the management is unacceptable.
Trust me, nobody will care enough to be in NewCo in this day and age. May be 20 years ago someone may have found it appealing but not right now. You can buy fartcoin and likely make more money in one month then you can make it with this dud that produces 1700 boed and with the injection of $43 million it may start producing 3000 boed. There will not be any divs, you maintain the same expensive management (in fact their salaries should be reduced by 70% as the production goes down from 5500 to 1700 boed) and should be tight to that.