Reply To: A message worth remembering.
Posted by: Cee-It Date: Friday, April 17, 2009 10:31:36 AM
In reply to: KatmasterM who wrote msg# 15274 Post # of 15973
I seldom agree with Arnold. However, it is absolutely a valid point that investors would be wise to sell once their restrictions are removed and buy-back more restricted shares. No investor would be wiser to just buy more restricted shares and hold those they already have.
Now, I'm advocating that the company needs to keep investors more up to date with information about shares issued and about financial conditions.
Until they do that, they are inviting criticism and speculation.
I've advocated to the SEC dozens of times that the public has an absolute right to know about the absolutely current status of all publicly traded shares. This is the information era and such information can and MUST be made available on an up-to-date basis. Anything else supports the continuing practice of deception and insider advantageous positions and practices.
GLTA - I'm heavily invested in this company and I believe in their management. However, I'd still like to see them take a more responsive and responsible position towards informing their shareholders about their finances and their issued shares.
Arnold escaped to enemy lines and later became a Brigadier General in the British army. Arnold went to England and died in June, 1801 .
