well i think we can all agree that a lot of money was spent without much to show people have lost and its a cruel business at this end of the market
the reasons are very complex and its true if there is a court case information will come and hopefully answer all the questions
this may take a long time and more money the independant adminsitrators seem satisfied with everything and they would know a lot more than any of us
i still believe the tenements are good.
my understanding is that Jimones summary of the situation is accurate sounds like the finances were in total disarray for many years prior to the recent board changes and attempt to survive
the beginning of the end was a long time ago , in my opinion, the real crunch came and the music stopped playing on that aweful fateful day we all remember when the gekko was first fed and could produce nothing more than a fart.
things were so out of control back then that even the 13 mil that JG subsequently raised was not enough to right the company boy it must have been a real mess at the time. what the hell was the original management doing with all that money for all that time, running up enourmous debt and paying enourmous salaries to themselves?
answers yep we all want answers no time for me to stand still and keep looking backwards though.
OGX Price at posting:
0.3¢ Sentiment: None Disclosure: Held
