Last year HOG was a fantastic company with the best assets. This year HOG management have been bumbling clowns. It is management that have said the shares are only worth 37c. That is less than the sp before they started producing oil. The current update is virtually a rerun of the their report a year ago. There is clearly no interest from management that the share price be any higher than it is now. We now have the albatros of waiting vote to give, over the 15% limit, 3.85mil shares to "Sophisticated Investors".
They would appear to be trying very hard to loose the confidence of the market. Perhaps that is the plan.
HOG Price at posting:
38.5¢ Sentiment: None Disclosure: Held
