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Share
07/05/10
17:31
Share
How can one be happy?
Elk was down 18% on the day and now sits at 11 cents.
Somebody sold a little over $1000 of shares and wiped out over $2 million in market cap.
The only reason that ELK is at the price it is at is the management and BOD of ELK have failed.
They have failed at every project. They have failed to get CO2. They have failed to get the H well in production.
The have failed to date to get funding for Grieve.
In fact the ONLY thing that they haven't failed at is paying themselves and getting those cheap shares doled out to whomever.
The management and BOD of needs to be replaced.
How do we go about calling an EGM ?
We need 5% of the shares outstanding don't we?
Who pays for the mailing and proxy costs?
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