NyBob, I think this companies assets are worth fighting for. Bailing out at a loss for many people ,I would reject unless they have a better plan to utilize funds.Overall ,I've mentioned SSRI as being the most undervalued major and I still hold to USGIF being the most undervalued minor player in the silver arena.
Incentive options are a great idea but should be awarded at 100% above current share price. That way incentive works hard for management and harder for investors
IE; I think Pridham claimed share price should be at 3/share post merger. Being kind and lowering his expectation to 2.50 as a benchmark for awarding options,we could have seen 5/share options over 5 years.
This stock ,(despite a poor silver market) would NEVER have gone under 2/share ,would likely be at closer to 2.50. Investors look at what Directors believe the company is worth and act accordingly.If these guys can't get that,it's time they go leach off some other group of shareholders ,since regulations in Canada and the U.S, do not prevent this kind of exploitation to take place. In my view ,this attitude is destroying the markets .
US Silver is not a solitary abuser. Free Markets need rules or the freedom to play the game is lost. How about a football game with no rules. Could you really award a Super Bowl ?
