Al has exploited dilution for his personal gain. Converting his debt to equity at $2.50 per share should have been criminal. He not only received par value at a time where the convertible debt was trading at 50 cents on the dollar but he got $2.50 plus warrants. One of the great heists in business history.
Why didn't the Lord bestow grace on the buyer of Diane Palumbo's shares? Al doesn't believe in Jesus. Does that mean bad things will happen to him? Religion is so confusing. LMFAO
You tell me the deal with DP as you call her. She's consistently sold a lot of shares over the years. Her latest dumping was the best. Go DP. I'm sure she has another batch teed up and ready to shove down the throat of a diehard.
How decent was it of Diane Palumbo to shove 66,849 shares down the throat of some unsuspecting rube at $7.50 per share? They are now sitting on a loss of over $150k. Don't you think Diane Palumbo knows more than you or anyone else outside of executive leadership? You're right. It's about decency and dumping shares in this company before the FDA decision is about as indecent as you can get. You'll find out why later. Bend over and grab your ankles.
"Please God. Just get this turd muffin back up to $7.50 per share and I swear I'll never trade another stock." LMFAO
If you want leverage to price of gold, just buy leap calls on GLD. You'll get the same or better return than these explorers and you don't have to trust management of these little dirtbag companies.
1. Strathcona quit inexplicably. Strathcona has a sterling reputation.
2. Management refuses to disclose why.
3. Management has done secret interviews with selected people.
4. Quartermain's prior company has cratered.
What else are you waiting for? Will $0 per share convince you?
I've learned this lesson the hard way. Once management shows they are scoundrels, sell and don't look back. There are lots of opportunities in the stock market. Putting your faith in somebody who proven to be untrustworthy is not wise.
Good luck. Pretium will never release the Strathcona letter to shareholders. The last thing they want is for everyone to know why they walked. I think Strathcona got homesick and tired of spending time in an underground mine in deep remote Canadian wilderness.