Ann: MEL announces scrip merger with Elk Petroleum, page-8

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  1. 926 Posts.
    I thought MEL were preserving capital ??

    This looks like a high risk venture into capital oblivion and total destruction of what little shareholder wealth we have remaining!

    Metgasco to raise funds??? The only way they/we can raise funds is through more bloody dilution and from these levels, we might as well kiss all our money goodbye!

    Lesson number 1: NEVER put your hard earned money into something you don't control!

    Letting other people decide the destiny of your capital is fools gold!

    Lights out, i'm going to bed!
 
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