Searchlight Resources Inc (SCLTF)

[eggdude]

Well this R/S was pretty much expected. I have been holding shares for quite awhile, pretty much believing all the hype early on. I still believe there are some good people in management but things have just not gone as well as they hoped. These guy's had quite a bit of skin in the game, buying shares in the .35 range a couple years ago.
Now that 95% of my investment is history I guess I will have to ride this out a little while longer. Did average down a bit a few weeks ago but still over .12 a share, with reverse we would need to go to 2 bucks for me to make anything here. With only 6 mil shares and some good news I don't think that $2+ is out of the question. If they are going to actually get back to work on some of their properties then it will be worth it since they were pretty much stuck with no hope of financing at the current level. Just hope there is enough good news to keep things going down the road. GLTA who are still holding!