Re: Montello news as today
posted on
Feb 14, 2008 05:14AM
I think this PR explains the delay on JB#2. They don't have the money to complete it. What now? I know visitors to this website believe BC, "Has demonstrated the ability to raise funds". Hello---MEO has suffered a 50% share dilution in the past year or so. He knew he was out of money. A few months ago he could have raised cash when the stock was in the mid 20 cent range but waited until it was half that to "pull the trigger". The result was and extra 50% unneeded share dilution. Like Bob M, I have a substantial position in this too. When you invest in one of these juniors, all you really are investing in is it's management. I know BC has a lot of excuses but sorry, but like Bob M, I'm not a member of the BC fan club. I've meet Bob and followed him closely for five years and know his integrity and expertise in this area is beyond question, plus he follows far more of these juniors from the inside than any one of us would even hope to. Notice that even though he is upset with MEO management, he didn't imply selling his position, he is too smart for that. Now is not the time to sell MEO. I too believe there is something of value down that hole, and a couple weeks after it has been announced and full credit has been attained, I'll be gone because now that I've witnessed it, I don't want to invest my money in quality of management that BC brings to the table. Good luck to all that are in it.