Stdennis has made about $1.50 in dividends over the past 31 months but has seen the SP in GORO decline by $17.00 in the past 2 years. That means he has lost over 50% of his holdings in GORO over the past two years.
The Reid's are counting on their mathmatically challenged shareholder like stdennis to get this scam alive.
It's funny how you use 2 different time periods so as to maximize the negative point of your post. For us long-term shareholders, correct that we have made about $1.50 in dividends over the past 31 months since production began. The stock closed at $12.90 on 6/30/2010. The stock is now $13.59, $15.09, when you factor in the dividends. That's a 17% profit so far, with an ongoing dividend yield over 5%.
There is nothing mathematically challenged about those numbers. My profits are actually much higher than that, since I originally bought in in the Fall of 2007, when the stock was around $4, and went all-in in the Fall of 2008, when the stock was under $3. Sure, my profits could have been higher, if I had sold everything in the high 20's. But I have taken out hundreds of thousands of dollars of profits over this time period. How much have you made?