looks cheap at 61 , page-23

just to explain, the markets were founded on a fiduciary resposibility to keep shareholders fully informed.

management at roc are intentionally wholly ignoring that responsibilty to shareholders.

the company's merger with anzon became fait accomplis when they moved through 90% two weeks ago.

in my training and my experience in finance that achievement should have been followed very soon after with the release of, in the least a pro-forma consolidated balance sheet, providing the company's shareholders with a near to view on how the company will look as a merged entity at this point (not hard since this is a bolt on acquisition). essential disclosure when you have two registers coming together as one.

to not do this or something similar soon after the realisation of compulsory acquisition amounts to a direct statement of intent not to fully inform shareholders of the shape of the dramatically changed entity.

to not make any mention of the very massive and hugely material $170M plus reversal of the hedging impairment, nor to highlight the very massive post merger tax benefits of $150M amounts to a very clear intent to walk away from any attempt to defend the shareprice at something even close to reasonable value. $320M combined in the context of a $340M market capitalisation

the nature of the conversation that I had with CEO Bruce Clement led me to believe, independent of these hugely relevant facts, that he has every intention of allowing the shorts to continue to trigger nervous selling, margin call selling, and distressed selling. he gave me the line "I paid alot for some too" in a defensive tone and also said "I want the shareprice to go up to" in a tone that sounded like "I'm content to continue to see the shareprice drop at the moment".

the investor relations guy does not want to be accountable at all, he just throws up excuse after excuse, really gutless operator. some weeks ago he did make mention discussions he had had with brokers who were shorting anzon and roc.

under these very strange circumstances it is these company employee's duty to reassure and keep shareholders fully informed. that they are not performing this duty, it can be argued, amounts to frauduent behaviour.

they are not performing against their fiduciary obligations and they are more that content to see the shorts go about their business which imo amounts to co-operation if they are not already directly co-operating with them
rgds.