Ann: MEL announces scrip merger with Elk Petroleum, page-28

  1. 926 Posts.
    I'm with Hanabi and CSGguy,

    It gives peace of mind to be optimistic but this seems the beginning of the end for our capital.

    I would rather sit on my hands with cash in the bank rather than watch it fly out the door, speeding towards the bottom of the cliff.

    Jake also makes great points on the real world challenges ahead.

    Where are the minority shareholder group voices??? They maybe a minority but they came awfully close to overthrowing the board.

    Do they agree with this action? Maybe they have just given up and are waving goodbye to their investment.

    So many times I have held onto hope and been bitterly disappointed, i don't see how this is any different.

    Good luck,
 
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