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Enslavement

1,597 Posts.

79

13/03/19

21:53

Post #: 37753519
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Originally posted by Jadis: ↑

"Remember there are decent honest people who hold shares and you are confusing and hurting them with your continuous one-sided barrage of negativity."

Firstly, the decent and honest people who hold shares are more likely to be confused and hurt by the fact that their "gold mine" investment is shredding itself, while a select breed of posters specifically go for the throat of those saying "there's something off about the way VEC's being handled". People who bought into the AK story as early as January (on announcement day) have been burned for over 50% on what was supposed to be VEC's triumph. It wasn't until afterwards that we found out that VEC's financing fell over (temporarily? Who knows), that the suspension was specifically begun before acquisition to ensure performance bonuses were handed out, that millions of shares were issued to "consultants", that Brewer was jumping ship, that a predatory lender had entered the mix, that a CR was brought to light in the background, and that the financial part hadn't even occurred until right at the end!

"Why would you not also discuss the best options available to the company? Considering the size of the resource, the Magna loan is small and very short term."

Because the fact is that we shouldn't have had to discuss any of this, because we should have known what was going on with the company in advance. All of this has been a surprise to all of us and so far our reward for VEC's lack's of transparency is a hammered investment (for anyone who invested from, say, September, except for maybe a select few who averaged down hard in the troughs). People keep whinging about the downrampers (who so far have been right almost exclusively about SP, although wrong about potential) but it blows my mind how religiously people jump to VEC's defence, when at this stage we're basically just hoping that the AK mine is worth more to the market than the crap being dealt by those in charge of it.

Shares are only worth what the market will pay for them and right now, the market is saying that VEC is worth less than before it owned 60% in a mine. Why? I personally reckon it's because management has a very serious trust issue. Spend less time worrying about what "downrampers" are doing (holders or not), and more time keeping an eye on what management is doing.

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read this post if you want to know why some holders / non-holders are suggesting for some time that there are serious issues with what's been so far nothing delivered ... up there with the best explanations imo ... it will eventually turn around but I reckon there's still more downside and way to much risk attached ti yet call a bottom ...

VEC Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
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read this post if you want to know why some holders /...

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