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Re: agribusiness72 post# 4100

Tuesday, 06/07/2011 3:32:04 PM

Tuesday, June 07, 2011 3:32:04 PM

Post# of 6560
Agribusiness I think you are absolutely, right on. My argument went down the drain along with my position when Montana fell thru.

I let IBA know that in so many words, still stressing lack of transparency. I took a 40% hit on my position but took it just the same. Better then, than now.

The JV's in my opinion took away all potential profitablity.
Then, I started to question the financing deal?

If you need as example of what bad financing can do to a company look to NEOM and read their posts. Talk about dilution with a very bad end and the company is still viable if not for the financing. A catch-22!

I hate to be wrong and I think this company has potential, still.
But, right now things are just not adding up.

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