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Re: sortagreen post# 67

Wednesday, 05/24/2006 5:30:04 PM

Wednesday, May 24, 2006 5:30:04 PM

Post# of 1580
sorta, if the prices were low, they should have mothballed the operation so that it could be re-started at a later date. I view bankruptcy as a trick to steal the company from the share holders. Look at K-Mart as an example. After they stole the company from share holders they all of the sudden realized their assets were worth so much money that they could buy Sears. The insiders made a kiling on that deal at the expense of the investing public.

As for the costs here, they do seem rather high, and the company does not seem to be making much of an effort to address the issue. I agree that there are better places to put money. I will check out Great Panther and War Eagle.