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.