hhhmmmmmmmmmmmm.......
you seem to be slamming me at times and agreeing with me just a few sentences later. I must ask to to stop painting me with a dark brush and saying i am misleading people with just my "singled out" facts and my interpretation of risks. I am simply talking about topics and scenarios that are rarely brought up in conversation on this board....I keep hearing people jumping up and down that philex paid 50 cents a share for this company, failing continuously to mention that it was for just 1% of fecofs shares and not mentioning that its most likely to strengthen philex's own holding in their fecof position. I'd rather philex gave them a loan instead...but i am now coming to the conclusion that 50.5% wasnt enough for them because if they fecof" diluted the shares to raise funds somewhere else then philex would lose controling interest...52% is safer for them.
you seem very intelligent but I would suggest you try saying more with less< sophocles>, as I too am guilty of this i would still have to give you the crown.
you keep mentioning that philex would be better off to,and is likely, letting fecof and fep continue as a stand alone company.that somehow this would be most beneficial to them.
I dont understand why you would assume that, over my assumption of philex wanting to consolidate both of them especially when theyve already made an outright bid in the past for fep at 48 pence. I at least give you facts behind my reasoning.
please tell me your reasoning on how or why it would be more beneficial for philex to do what you suggest they will most likely do...rather than buying these undervalued companies soon before they have to pay thrice the amount for them in the near future?
by the way, you sound like a specialist of sorts in this industry. Am i correct in thinking that? do you either focus on investing in these type of stocks or have worked in the industry as well. As far as fecof being traded in the pinks and fep in london its simply because more investors like us are likely for better or worse buy these shares over there rather than to look for them in the philipines stock market. Philex didnt put them there. they existed before philex
glta.....IMHO.....Gamble at your own risk
position:long....maybe too long.
