Re: Very suspicious !
in response to
by
posted on
Apr 05, 2011 11:52AM
And please do not worry about their own bottom line.I bet Dave and the board will congratulate each other and pay themselves huge bonuses on this PP so that they can double up their original options.It evens out the dilutions for them and too bad for us retail investors.
I think the market agrees with us judging from the lack of trading action after the PP.The general consensus is that the investors were screwed and Dave,s MIA and lack of explanation to the whole affairs had compounded the suspicions sending a negative message to the market.They are not touching this with a ten foot pole.
Paschiliko,you are right.If there,s so much demand for the PP,the instinctive thing to do is to simply raise the price instead of shares.What are the extra shares for?.Not CLF I hope since they are not into gold.But another company in the radar is and it also comes with a gold royalty.
Since they did not see fit to explain why they handed more than half of our Timmins property for free to LSG,they think they can get away from explaining this one as well.No wonder Pinetree got out quick as they see no further value in this stock.Rats and snakes come from the same den and they know each other well in deed.