I've been going back reading thru all of the old HRG posts from June-Sept 2009...SAME EXACT SHIT going on as now with Century Mining!
For example: HRG makes a Q2 PROFIT...yet reports it as a loss! yeah, a freakin loss just so Severstal can come swoop down and make its low ball move on the shares.
http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?&p=0&m=27368464&r=0&s=HRG&t=LIST&pd=1
http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?&p=0&m=27368801&r=0&s=HRG&t=list&pd=1
($37.8M) = Net Income reported by HRG
add back $58.6M Non-cash Prognoz writedown
add back $14.8M Non-cash Mine amortization and depletion
($37.8M) + $58.6M + $14.8 = $35.6M Net Income prior to major Non-cash items
$35.6M / $88.2M Revenue = 40.4% Net Income prior to major Non-cash items as a % of Revenue
Just some of the shenanigans going on. Retail needs to fight and send message loud and clear: NO FREE CMM SHARES!