" Quite an admission from a member of the management team."
Sometimes when you catch them at the right ( honest ) moment, they say the darnedest things. If anybody should know it would be the CFO.
Sometime back in the recent past, it was AE who made a comment that money was not a problem for Zenyatta. From all appearances it sure is now. But it should not be a problem. It is no secret that Zenyatta has found a one of a kind graphite deposit that should be a very profitable venture. So something is wrong and the buck stops at the top.
Manipulation is a term I do not like, mostly because it is overused. I know it does happen. Most of the time it happens, I think, is when buyers are few. Management has not given them much reason to buy, have they? On the other side of a trade come the sellers. They have been reluctant to sell when the price gets too low. As noted in a recent post, try and unload. Of course, that takes buyers.
It should be no secret to anyone who reads the posts here that up until today I was a fence sitter. I was waiting for information from either side about how the financial side was to be addressed. What Francis told me has helped. Now I am very interested in what Zenyatta will say as they produce information on how they will finance the project. Saying nothing will not do. That would reinforce what Francis says. It would be a clear statement they cannot do it. Some fear that Keith Richards will do the same with Zenyatta as he has done with that other company. I do not know the facts why, but the results are clear.
I know we are going to face some dilution. I give AE credit that up until the present he has done an admirable job without that happening. The recent attempt to raise $1M failed. Why? I do not know the answer. But for anyone to support present management, they better find out how they plan to fund the company's brilliant future. If they will not or cannot tell you, you better come down off that fence, or get on the right side of it.
About a year ago I wrote about this theme in a post when I was concerned about the financing. Watching this group take you down by going broke will have the company stolen from you. The assets will pass on to the creditors. Complacent shareholders sleeping at the switch had better get concerned.
Liz |
