Marianna, you are witnessing a company having cash flow problems.....
problem is, they have none, or at least not enough. I hear that the superlative IR Sabrina is beating the bushes for money.
They need cash to buy land, they need cash to pay the coops, they need cash because they burn through $300,000. per quarter...
I heard a rumor that TT turned down an offer of almost .80/share because he thought he could do better......how many of you would have been happy with THAT offer at this point.
I am watching The MYNG Show with mild amusement and much sadness for all the MYNG longs with many shares that I have grown to love. MYNG will be pinked until GE comes up with tangible results....SEC says, "You say you got gold?, show me, produce some."
I like TT and think he has talent, nice voice too,....whether he can resurrect this MYNG beast is something I will be watching for. I truly wish him all the best.
Cy in Orlando, back to a melancholy lurking mode. |
