Whatever you sycophantic #$%$. PWC is more reputable than Evans ever will be....and I lost more money believing that idiot Evans and the things he said and represented than I have ever lost in a single investment. I am not short, i am flat this POS. But quit singing these #$%$ lullabies full of blind hope. There are serious allegations levied against this company. And you are foolhardy to believe you know any more than any one else. Given the wide variety of opportunities that avail themselves to you every day, is this the best possible investment? If the answer is yes, then I really don't know what to say, other than this is the next closest thing to being in vegas. If you want high beta energy exposure, just buy 3X ETF named ERX. At least there you dont have the idiosyncratic risk that is MHR.
Im not sure #$%$ you are talking about but if this is as bad of an investment as you say it is and you are flat in it then WHY IN THE HELL have you not sold and moved on to better investments? I am pretty sure with 5 million shares + per day you can get your 37 shares sold and move on to snicker about us idiots still long.....
Sentiment: Strong Buy
You have every reason to believe as you do. If you trust basic textbooks on finance, you will read that statistics, in affairs like the MHR situation, favor accounting malfeasance and not accounting fraud. That is just "by the numbers." Certainly, Evans has proven to be the POS you declare and he may have captained a fraud equal to the heresay fraud he commits (allegedly) in his personal life. But history suggests that if your want to place a bet on the present situation, you should bet on malfeasance and not fraud. I am speaking from the position of extreme anger with Evans and his entire team--Evans PERSONALLY committed fraud with Kramer--there is NO DOUBT about this. This could color anyone's opinion. But accountants bear a more seirous GAAP responsibility and jail time is a serious reality for them. They are VERY AWARE of this. There are still accountants who, by pressure or choice, commit fraud. But it is many fewer than you might think. So--mcaannon--I am wholly sensitive to your claim--however, I am betting statistically. I have NO interest in pumping MHR or any other company., but I hace bought 28000 shares (my total now is 48, 614 shares) since the decline. I am betting that all claims of fraud will be summarily dismissed--that is also more typical than you might imagine in these affairs.
The #$%$ pumped the stock the night before he had to announce a delay in earnings (red flag 1). Then made a bs excuse (not a red flag but a flat out lie) on why they were delayed only to find out the real reason was the auditors could not provide earnings by either a limit in scope (red flag 2) and/or not agreeing on calculations (red flag 3). Then he dismissed the auditors (red flag 4.. What kind of investor buys stock in a company after that. How stupid can you be?
SD is 100% correct about this pos instead of you bagholders are putting all your energy on one poster blaming him when you should be focusing on the main cause of your disastrous investment its called MHR management and they are ripping you off.
Sentiment: Strong Sell
I do find it funny that longs who have lost so much place all of their blame and hatred on one poster who is basically stating factual information while these same longs embrace and defend the one man who has lied and stolen their money from them. Cult of personality and idol worship usually lead to some form of destruction. Here it's a financial one.