Sorry, I was not clear. I guess I didn't really mean the messages, but rather the message.
For years, I have watched chef promote. I was dubious about most of his picks. According to him, he usually owned lots, when things went south he claimed to be in the same boat as other investors and often his losses were 'huge'. Yet he always stood by management. And he always stayed in the game. He would promote bizarre co actions that appeared to make no sense to me--i.e. the fabled "acid bath"--remember that one? Forward splits, backward splits, stock 'dividends' when co had no income and was already in pennies---it was all "great stuff" according to him. 'Comradeship', emails and phone calls, 'good buddy trust me' etc etc ad nauseum.
I've never understood blind loyalty to management who costs you money. I've never understood how you lose chips but stay in. He is currently strong supporter of cdrgf and huge fan of it's leadership. The stock trades a few hundred dollars worth some days. There's over 200mm o/s. Unsecured debt holders have control, secured debt holders have notified they may seize most propterties. Yet it's 'all roses'.
If, in fact, he has been getting discounted paper early and 'dumping into the pump' it would explain quite a bit. I would love to hear more about this.
As for him taking delivery in u.s. that does not trip any flags to me. I believe he's close to u.s. border and Canadian mail service is 3rd world. Thanks for the reply.
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