Yes indeed, but don't look past the BoD that rubber stamps these crooked deals. As is usually the case, these con types can only keep up the game so long, they get so busy shoveling company cash into their own pockets, that they forget that they need to actually run the business and generate cash to keep it going....it will catch up with them, but it will be the shareholders who pay the price. The MLP idea is fantastic but their capital base is to small to make it work in my opinion, how can they afford the costs of being two public companies? I follow alot of companies and to me it seems that the double overhead will eat up to much of the bottom line, although the tax benefits may offset some of it, if they were a 200 million dollar market cap, the costs would not be so disproportionate in comparison to the cash flow but we are talking about 2 companies with a combined market cap of less than 50 million or somewhere in that neighborhood. I just don't see it happeing...maybe I am pessimistic but when you combine a poor business with corrupt management I don't expect anything great.
Is there any hope whatsoever for POCC I mean what are the short and long term outlooks? I mean since I don't own a single share of RVEP should I just cut my losses now and hopefully learn from my mistake with this awful company?
Well, if you don't own any RVEP, it probably means you bought within the last few days. If you bought it within the last few days, you either were speculating after seeing it drop by 30% one day and hoping for a bounce. If you bought it for other reasons, then maybe you should ask yourself what they were. I'm afraid I can't tell you if selling is the right option for you, thats your call, you made the buy and you need to decide when to get out.
Tommorows call should answer ALOT of questions. Are they going to build value for the shareholders...or just keep cheating them.