If only we had a crystal ball. Was just reminiscing and reading and looking back in 2010...when things looked so bright. So very sad. The optimism, the enthusiasm, the shear thrill of being in something that was generating the interest and PPS appreciation was amazing.
And now here we are, the same boat prior to September 2010. Similar share structure, before they did their first salary conversion into preferred shares in (I think) March 2009. And lets not forget their salaries are accruing every week and ASSUMNG this does get going, they will again convert into shares in lieu of pay.
Fourth quarter mill prep hours were 1,129 and clerical labor was 3,053. That's about 8 average people on the payroll. Even the self professed low quality people they say are working for them, aren't working for the promise of pay. Something must be driving them to continue working for them.
I don't think I've really ever been this conflicted. Getting back in just seems like a bonehead move...yet not getting back with just seems wrong too.
Hate the idea of losing more...just can't stomach the idea of seeing th huge gains we saw in 2010 and 2011.