Re: Wow! What was in that 10-Q?...GHDC up 32%
posted on
Aug 14, 2012 04:48PM
(Edit this Message from the "Fast Facts" Section)
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This is not going to turn into an "I-Flub fest". This is a board dedicated to getting the facts out, and having honest discussions. I have said a lot of negative things lately, but nothing not based on solid facts. I don't try to spin things one way or the other. Ignoring the negatives is exactly the wrong way to go about investing, and I'm sure you know never to fall in love with a stock to the point where you make excuses for even the most obvious faults. I've said all along that I fully expect this company to succeed, and will be the first to start praising progress as soon as it occurs. But with the present situation, which I have gone over many times and which I think was completely avoidable, I really don't see too much to crow about. The revenue that we expected based on their statements is simply not there and won't be for a while, drilling in the Sinker is a ways off, and it looks like the drilling on top that we have been promised for years is put off another year. Financing has yet to be filed, but will be accompanied by mucho dilution. Not to mention the ever-delayed 43-101, no changes in the board of directors (what is DQ still doing there?), etc. And meanwhile PQ is stuffing his and his family's pockets with shares. These are simple facts, not spin or bashing.
spiny