In speaking with Martin this afternoon, he swore to me that he personally has never sold one share of stock to date. This was in response to me asking about dilution and of course only after he was finished cursing whoever started the R/S rumor. LOL. He stated that about 100 million shares had been issued in the past for services, etc. and that maybe some of those shares were being cashed in during the last couple of days, in addition to hundreds of daytraders who piled on and then split town. I didn't ask him what type of services he was referring to because that wasn't the reason for my call to begin with.
My opinion about Martin and the rest of AURC management ? I don't think these guys are nearly as educated as we are and no doubt this has been displayed by the way they've communicated with shareholders in the past. My take is their operations are very very real and they've simply never hooked up with anyone to give them proper guidance with respect to presenting their company in the proper light. Even though they're only selling the company for $185 million and no doubt the purchaser is probably very happy, I think these guys just wanted to sell the business, as they'll all make out very well whether or not they actually got fair value for their properties/operations, etc. I suspect the suitor will most likely do a much better job in getting gold out of the ground and to market. This most certainly applies to all aspects of their operations.
I was told that the company might be putting out a PR tomorrow addressing the R/S rumor and when I suggested a closing date PR with terms attached to end the speculation once and for all, he indicated that was in the cards as well.
Martin did talk about long-time loyal shareholders and how the company has been striving to make them happy. I'm sure he's most likely talking about 2C and others.
