Post by
Iceshaver on Apr 05, 2010 11:01pm
Re RE YNG Forecasts
Richard, I know you really believe the worst is behind us, and I hope you are right. I do not agree because it just defies logic, too many times we have been fooled and fed phoney, upbeat information by these people and I do not believe they are trustworthy. . They must file that 1st qtr report by midnight, May 15, by law. We shall see who's right . Artie, did you mean that at the close ,there were that many more offers to sell than there were to buy? If so, what was the price difference? Too lazy to look! Artie, I have been with you and Richard since YNG made known about the QRL,QEE merger and the 10 for 1 split, and I bought a whole lot of QRL,QEE shares because it was more economical to buy 10 QRL,QEE shares than it was to buy 1 YNG share at that time.. I believe it was about a year before that when QRL,QEE was traded at 70 to 75 cents? Artie, that must be when you bought QRL,QEE. I also need a big SP jump to break even, but not near as high as you. I stayed off the forum for a long time because you both did such a good job, but I saw too many strange things going on and had to jump in! ICE
Comment by
talkswitch on Apr 06, 2010 9:12am
yng only had 3.5 m cash on mar 31, that was after closing 5 m pp. it's clear that the q1 cash flow is negtive.