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Bullboard - Stock Discussion Forum Mira Resources Corp V.MRP

TSXV:MRP - Post Discussion

Mira Resources Corp > What About the Shareholders?
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Post by Mlachake on Feb 23, 2012 3:42pm

What About the Shareholders?

By the time this bull is out of the slaughterhouse all that will be left for the common shareholder will be some skin and bones, Why are these guys allocating themselves pieces of this company bit by bit but BELOW MARKET VALUE S/P hits .32 and they issue options at .30? way to encourange hard work! And the PP they had at .20 closed only to insiders while the shares were trading at .25-.26 in the open market for months! I like the play but so far I have not been happy with the inside deals. They surely know its worth lots and they are delaying things so that they can load themselves cheaply and that borders on the line! Just my opinion, or am I missing something here? they could have raised more money to the company if they had gone public on the PP at .25. They could have converted those depentures at urrent value and should have issued those options at higher prices to encourage growth!
Comment by photoman on Feb 23, 2012 3:47pm
This post has been removed in accordance with Community Policy
Comment by venturevest on Feb 23, 2012 4:41pm
Who do you think pushed the stock back from the .12 range... If they wanted to fill their boots they could have done the placement at .10 and nobody would have said much a couple months ago.... Heck they put a lot of skin in the game and financing MRP looks good in retrospect to the selloff the market created.... There was a good size short that I'm sure would have loved to cover with ...more  
Comment by amen11 on Feb 23, 2012 8:07pm
you win stupid comment of the year with this one. Call the company, like i did, ask why the options were set today? Answer was that the pp had to be done before First Energy announcement. They could have set these options weeks ago at a much lower rate but was advised by lawyers to wait for all announcements to be done first.  As soon as this director exercised his debenture he became a ...more  
Comment by Mlachake on Feb 23, 2012 11:40pm
Amen 11, Thanks for educating me about my right to sell this public company, what would I do without your advice? Do you by chance believe that calling people stupid is the best way to behave on a public board? Did you also have anwers as to why the recent PP was closed and well below the market price? Well I bet it was to raise money to pay expensis right? So why was it only issued to management ...more  
Comment by BlindBat_1 on Feb 24, 2012 12:12am
Amen 11, Thanks for educating me about my right to sell this public company, what would I do without your advice? Do you by chance believe that calling people stupid is the best way to behave on a public board? Did you also have answers as to why the recent PP was closed and well below the market price? Well I bet it was to raise money to pay expenses right? So why was it only issued to management ...more  
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