I'm just catching up and not surprised. I just can't understand why these CEO's think they can keep getting away with this stuff.
Any paper shuffle in pink sheet stocks is typically worthless. If there is a spin off, stock dividend, r/s, f/s, rarely does it result in a positive result.
When it comes to a dividend, "SHOW ME THE MONEY," is the key. If the company says it can afford to pay dividends and then issues stock, it's BS because it costs nothing to issue shares. (other than the cost of the paper work of course.)
Not bashing AURC specifically, but the stupidity of CEO's who continue to try to hype stocks without actually giving up some of their interest. That's what it comes down to. It's stupidity and greed and I call it like I see it.
I'm still long in AURC because of their claims of having as much as $40 a share in reserves. However, they have to start realizing that "claims" can only get you so far. People are starting to get wise to this type of thing and, if they want to establish credibility, they will either provide expert analyses on the value of the reserves and cost of production and sale, and/or actual cash dividend as promised.
So, why stay long? I figure there is enough room between current share price and the supposed potential of the claims for tons of mistakes and screw-ups, and today's action is one of them. You need to have that kind of potential return to take on the huge risk in pinkies.
Again, just as I see it and just my opinion. |
