Jim, I'd like to post it here, as there have been certain accusations levied against some of us by a rather sick individual on a certain thread we used to frequent. In fact, I may be done here the way it's going. But for now, I'm interested in complete transparency, and a level playing field even for those here who aren't paying for your service. There is plenty of liquidity for everyone in GEO, and I think this may be an exceptional opportunity. I have put, and I'm willing to put an additional bet on. If we all make money off of good solid legwork and info, I'm sure those people will know what to do ,and hopefully we can move this kind of stuff later to your setup (whenever it's ready?), and have complete privacy.
First, the restructuring looks very good. Toxic warrant issue is over. Stock should be higher just on that. These are the main issues that I see. Hopefully, we can get them early Monday?
1. The stakeholder situation is, shall we say peculiar. Almost all shareholders are at a strategic disadvantage because we don't know the intent of the two vendors who now have 23% controlling interest. Is there a lockup agreement? I think that should disclosed. What do these vendors have in mind with the shares? What have they told GEO, as after all GEO gave them controlling interest?
2. Royal Trust, one of the larger holders dumped 1,672,500 shares in Sept, and has 6,839,000 shares left on 9/30. Once volume picked up today they were selling again (Octogan). What kind of work has Paterson done to deal with indiscriminate microcap dumping (like the big cross that IP did)? Where has their big institution, McKenzie, been through all of this?
3. An of course the operation. The conference call in August when the stock blew apart said they should have a cure by "early October". Now, we hear about storms and rain in CA. Is that just an excuse? What going on in plain English?
4. When Paterson interviewed Northern Miner, it is obvious a merger with some party was discussed. I'm guessing somebody wanted legbreaker terms, trying to take advantage of the distress? With this successful restructuring done, and with the answer to question 3 close at hand, are they going to go back to the table?
Those are my fly on the wall questions. Maybe the company should just make a clear statement about all this? And if so, then ask him when. Will they be scheduling a third quarter call in the next three weeks? |
