Seems I remember a similar situation last year in regards to an equity transaction that took place to reduce debt on the balance sheet.
Many were screaming, yelling insults, sending me nasty emails etc. It turned out the transaction was seen as a huge benefit to shareholders and praises abounded after the fact.
I've had to deal with no less than about four "emotional" periods similar to this with shareholders over my three years working with the Company and every time the market went through a short volatile period as a result.
First there was the "The auditor is fake" drama. Then there was "The Company doesn't have the land it says it has" drama, then it was the "The Company issued 7M shares Oh no!" and most recently it was "The SIAC filings don't match" fiasco.
The one thing all these dramas have in common? Ihub.
Every time I have to deal with emotional outcry it has been breed on internet stock forums and every time it has been shown individuals over reacted. The herd mentality when combined with emotional frustration always ends up hurting investors, not helping them.
My advice would be to attend the upcoming conference call and get facts, instead of passing posts back in forth on a forum and working each other up into a frenzy.
I'm not responding to this post, so please don't respond asking me anything. If anything, I can't stand having to post on Ihub.
