Gear Energy Ltd T.GXE

And another new low

[mugs19]

I wish I never heard of Gear Energy...

mugs

[w8asec]

ditto - not my worst investment, but possibly my second worst... considering I've been investing for 46 years, that's saying something as to how pathetic this has been.

[Iliveinavan]

Agreed. The only ray of light here is that the radio silence is long in the tooth, and that may mean the strategic initiative is/was successful.....but my heart says it's a stretch to suggest that. If there turns out to be nothing in the works on that front then the board, and Ingram Gillmore need to be questioned hard on their leadership. We all get the macro picture and how most e&p'

[Roscoe747]

The proclivity with which insiders cling to non-disclosure of possibly material matters can cover a multitude of sins. Other than lethargic regulators, investors' options are limited to the courts where the balance weighs heavily toward the insiders. The result is that, from the merely cautious to the inept to the criminal,  insiders have much leeway to protect their interests, as

[lovehockey]

In general investing is not for weak minded. I am not saying you are but there comes low points and high points and you have to be calm about both of them. In my life I daytraded hundreds of stocks but long I went only with several and with my patience they made me millions even though there were very low points with all of them. Gear I sense will be another fairly long term investment that will

[Iliveinavan]

That goes without sying of course, and I'm still holding 220k shares at an .82 average, and at this point I don't intend to sell. My point being though is that, while these things take time, making an announcement at the end of September and cementing uncertainty over the company for the next several months with crickets doesn't seem to be the best approach...why make the announcement

[lovehockey]

Yes, it is frustrated. I am not walking in their (management) shoes and I can't really know what triggered which decision. To me clearly if the buyback was choosen over regular dividend a while back we wouldn't be sitting on 60 cent per share situation. Instead the stock would have been much higher and short and medium term holders would have benefitted much more. In this situation an