Tom, please, there is only one "conspirator" here (having be crowned as such already a long time ago on the KRT thread) and it is I, your humble sub $1 man. You see, not only did I read two years ago the annual report and pointed out to strange things, and then pointed out to outrageous Hauling charges" for water and so on, and of course, my biggest guilt is pointing out last September that that beautiful "draw down" line of credit is nothing but a "leaky floorless". Now, I admit my guilt, there is only one problem with this guilt and all the information I mentioned, it all came out of company's news releases, none of it was invented by me. The truth is that as soon as you saw that TTRIF had a floorless, you should have known it is cooked.
Go and tell that to the holders of HEC (another floorless) it is only down 40% since I pointed out that fact to the holders (but of course I have an "agenda") maybe you can save them from going down to 1/6 of their value by telling them what happens to a company that issue floorless instruments. That is where the problem is, proliferation of stock. Of course, it would have helped if TTRIF kept about 10% of their promises.
Zeev |
