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Re: hosedraggers post# 6065

Tuesday, 10/20/2015 9:23:22 AM

Tuesday, October 20, 2015 9:23:22 AM

Post# of 11618
as you have noticed the quantity of posts has dropped also. I think we are all pretty discouraged. I also think we are confident there is value here, just market forces are against us now.

There has to be pressure on the BOD from the bigger players and converted debt holders, adn i do think they have made some positve moves. I doubt they are worried about daily pps price fluctuations, but this trend has been horrific and even the long term money must be concerned.

I do think the economic cycle is NOT conducive to acquisiitions right now. so maybe the long money is wait and see.

At some point our low pps and improving book value will make us an cheap acquisition target ourselves.

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