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Friday, September 03, 2010 1:13:12 PM
Tesoro has made their financials public, they never lied to you:
Their revenues are what they are.
Their cash flow is negative.
Losses have always been there.
Balance Sheet has always been negative.
Their business does not generate cash.
All these things make it clear that Tesoro needs to raise capital (issue shares and dilute current shareholders) - You people to blame yourself for not doing the necessary homework before you invested.
It's not like things went bad in an instant - these things I mentioned have always been public and if you did your homework you would've know.
Enron investors can blame Enron management
Worldcom investors can blame Worldcom management
These 2 companies had management that lied.
Tesoro management probably never lied - they always issued negative financial statements.
You people think that buy owning 10 million shares of a $0003 cent stock that you will be come a millionaire because IF IT EVER HITS JUST 1 PENNY - you make money
Get your theories out of la-la land and do your homework
stop blaming Tesoro management - start taking responsibility for your own actions.
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