SOUTHERNERA (t.SUF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : SOUTHERNERA (t.SUF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rocky510 who wrote (4014)	7/15/1999 4:19:00 PM
From: Peter Bourgeois	of 7235

Hello Jimmy, The problem is that some people started playing games to see how far they could drive the price down. I think that they have surprised even themselves how effective they have been. The solution is for SUF to announce that they will buy back some shares. I realize that buying back shares does not grow a company but it would send a message to the game players. I also do not believe that SUF would have to buy any great amount in order to stabilize the price. As more and more margin calls come in for people who believed in this company, these same people will likely never buy SUF again. It is indeed unfortunate that a good company like SUF is getting so badly beaten up. Maybe the directors who have little or no shares, should buy now and send the signal to the market that they believe in this company as much as I do. Things will get better but friends who bought this stock because of my belief that this company was the best thing since sliced bread are certainly perplexed to say the least by the turn of events. This is still one of the best companies around, now SUF has to jump in with both feet and stop this foolishness, before the guy who has a bid of 50k at a nickle gets his way. Cheers !!! Peter Cheers !!! Peter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next