Post by
Pinksheep on Dec 12, 2014 7:20am
A point blank execution of a shareholder!
Wow, what a deal.... All the late investors that are in between .02 and .08, what a rob.... Less than a month ramp up, but anyway, are you gonna be in for a month? How can a company that put over $100 millions in building a brand new plant (that is complete)+ has another one already working (not so well, I admit), sell half of itself for $25 millions? 12% interest on loans + 43 millions shares+ warrants for $10 millions bucks at 12%. The Shylock in my area give you more latitude.... Now, the loyal and truthful investors that are in for a year or two, well, you must be punching walls. Now, you have mud up to your shoulder, a knife under your neck and a gun on your head. What a nice way to start a ramp up, with a 12% interest on a loans and 2 outsiders guy coming in the board of directors.... They could have found other serious landers that know the copper industry for partnership ( let say 30/70 ), without having this 12% interest. If they even signed a $5 millions bridge for a 3 months loans, that give you a serious cue on their spare parts inventory.... They don't have any margin with their ramp up.... They're gonna need the other $9 to $20 some millions by March or April and finally give over 40% of the company for less than a 20% investment, that's a shame. By the way, i'm in, as an opportunist. Sorry for the long time investors, i'm mad for you and I can hear you shouting from my living room.
Comment by
Pinksheep on Dec 12, 2014 8:09am
Thanks Billioncoins. Walt Whitman and Rainer Maria Rilke are a lot more important to my life story than a couple bucks on the side... You should try out Romain Gary; "The life before us.". Or Henry David Thoreau; "Walden". Looking back, I think Walden's endless and quiet poetry made me a wealthier investor than any hedge fund supervisor.
Comment by
yixter on Dec 12, 2014 9:23am
The 12% in 2017 is smoke and mirrors they will be taken out long before than this thing is being set up for a takeout.
Comment by
Pinksheep on Jan 23, 2015 2:43am
A reminder... To Zibo.... I post that quote on December 12/2014 at 7:23 AM... M.Zibo, you're saying that Galena have a plan.... It was clear a long time ago....
Comment by
zibo on Jan 23, 2015 9:49am
I hope Galena's plan isn't to steal this company and take it private, I have seen that done before by the lender's.