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Bullboard - Stock Discussion Forum Ursa Major Minerals Incorporated T.UMJ

TSX:UMJ - Post Discussion

Ursa Major Minerals Incorporated > Tickle please clarify
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Post by cupricity on Oct 31, 2010 7:45pm

Tickle please clarify

Tickle,
    According to my research RIC bought out PAT for double the current market price at the end of October 2008.   Interestingly at the end of October 2008  one could buy TCK.B for  $11.50 and UMJ was trading for 6 cents.  The world was ending.  This prompted me to enter the stock market. ( As a matter of fact it is incredible that he could sell PAT for double the value at the end of October 2008.)
    From what I can see this paranoia and fear has not left a good deal of companies stock prices.  UMJ is one of them.
     Is there anything that RS did wrong other than take what he could  from PAT and save the company he thought had the better chance?
     You anger and pain just further demonstrates to me that fear and pain is the driving force behind this stock, not basic math.
     From what I can see RS takes a humble salary from UMJ, and has maneuvered waters filled with sharks to bring us to where we are today.
                                                                                             Good Luck to all.
Comment by tickle1st on Oct 31, 2010 9:34pm
Cupricity...you better dig a little deeper and try to figure out how much iof URSA shareholders money was lost on that deal. Then you might think that sharing URSA assets...like the office and such...is such a good idea for URSA shareholders. IMHO, if you give RS an inch.....well why not take a mile... Richmont Mines Inc. (RIC) shares were down C .03 to C$1.82 on Tuesday afternoon, after the ...more  
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