PB: The gist of my admonition was that, in my opinion, any benefit which Randgold etc shareholders hoped to achieve was totally at the pleasure of management --- presumably Mr Kebble.
This would effect (a) the valuations of most of the assets (b) the valuations of the shares in any proposed deal. And clearly, a variety of "deals" was on the horizon.
Frankly, and I'm not short (in fact I haven't been taking an interest in Randgold lately), I think the 1 for 3 reverse split, without telling shareholders, is more than a joke. In fact, I think it's disgraceful. But, associated with the fall in value of the shares, it's disgusting.
You do your best to promote the company and expound on its virtues and they slap you down. You, trying to re-instill confidence, say it's a PR snafu, prior to profits coming along, but I can see others are "tearing their hair out" watching the value of their holdings diminishing simply as result of share manipulation, or whatever, by the company.
As I said, commenting on an apparently rising share price at the time, "I hope the dog doesn't wake up and bite you!" My sentiment still stands. |
