TO ALL: two things.
1) This company is now worth less than a shell at the same prices.
a shell has: no cash
no previous track record
an unknown ability to raise money
an uncertain relationship with the VSE(good,bad?)
a fresh optimism about the future
STS has: no cash
a bad track record
a proven INABILITY to raise money(when it counts)
a BAD relationship with the VSE
just got kicked in the teeth by the VSE(again),
lost a lot of money, should be down in the dumps.
Now, you probable wouldn't even by into the shell with this info, why would anyone hold STS, to save on commission?!? Down one more cent and you've already lost more than your commission (unless you own less than 1000 shares). This stock will not be up anytime soon, you would be better off with the interest in a savings account.
For those of you who fell in love with this stock, she just cheated on you. Throw her out of the house!
2) NOW they are going to sell Riverstone to get some funds to work on Uganda. They should have thought of this earlier to raise funds for the AWESOME Yetwene. I don't know, could this have even been an option, in a pinch??
I think the management screwed up more than humanly possible and I think something smells funny with the whole deal. The shorts have been around for a very long time, at a much higher level. They never seemed to be nervous, even with all that 'great' news.
I don't know, can insiders short their own company (really OUR company)??? And if they can't, I'm sure all their buddies can.
Paul Kindel. |
