These imbeciles!!!
So let me get this straight:
SOGC falls on hard times (hard times that didn't exist until their own decisions created the hard times)
SOGC hires Lizard. Lizard is the finance worlds equivalent of CashCall and "Fix Your Credit Dot Com".
Lizard "advises" SOGC to skip interest payments to prove distress and spare cash reserves.
(All the while...interest continues to compound daily on the debt....thereby increasing the total amount owed PLUS interest)
SOGC seems no closer to a "fix" than they were two months ago...to point a fact, they are further from a fix because their debt balances are expanding based on compounded interest rates.
SOGC remains quiet...despite MATERIAL decisions being made on the shareholders behalf.
And the stock?!?
Well! The stock is doing exactly what it's supposed to be doing... It's falling, seemingly daily...back towards record lows.
I, for one, hope this stock now falls to below record lows...and I hope that every exec at SOGC winds up with a pocket full of shares that they can use as coasters when they host dinner parties in their trailer park mobile home.
F these guys for screwing with shareholders.
I've traded this stock well...I bought low and sold higher several times now.
That being said, it does not mean that I can't call a turd a turd and be upset for all of the long and faithful who bought hi, and are now looking at substantial losses based solely on SOGC's misdirection and malfeasance.
