I just don't know what to think right now. My head is spinning, but probably because I also own TCM and ARG, and all are tanking, although not quite to the extent of Baja.
I'm quite angry with how it has unfolded:
-Citing concerns of within Baja, Mount Kellet attempts to get two directors on the board.
-A nasty proxy ensues, with baja warning "beware the sheep in wolfs clothing"
-Baja barely wins the vote.
-Shortly thereafter, Baja announces: "Oh, by the way, we seem to be 1/4 of a billion over budget." Obviously, they had no way of knowing that PRIOR to the vote. Must of just happened!!
-Shares tumbe.
-Greenslade says: "oh well, I've done what I can. I'm out."
-Shares tumble. Then tumble some more.
-Mount Kellet gets their guys on the board. Shares continue to tumble.
I know only one thing know- this reeks of fraud to me, and I wouldn't put another stupid penny into this company.
And now if you'll excuse me, I need to go and plan another couple extra years of work!
