Hi Gene, agreed, they have some things to prove, no argument. I have a few other things for people to make note of:
There is a rumor that Roger Fullerton is no longer the IR person for the company, just FYI, this is NOT correct!!
There is also a misconception out there, at least in some eyes, that Golden Capital was hired as a PR firm for WRN, that is NOT the case. There was a PR firm that WRN had a bit of an understanding with, but had actually been hired by Majestic, who's contract was terminated rather abruptly. Their shares have traded thru Golden Capital, but THEY are not Golden Capital themselves. There is apparently some bad blood between then and both WRN and Majestic.
As for the rest of the shares coming out of Golden, Warren Nyuli indicated, in a recent mailing of Leroy's Stockman's Forum, that the most recent shares are being blown out by a fellow who had been involved in a shares for debt deal a while ago. From further digging, it is being suggested that he is being financially squeezed and has no choice, but to sell.
Hope this helps.
Salut,
Leigh McBain |
