Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Medicago Inc MDCGF



GREY:MDCGF - Post by User

<< Previous
Bullboard Posts
Next >>
Post by Jentaion Jan 18, 2010 9:55pm
395 Views
Post# 16692988

my last two bits

my last two bits

From what I can see for the last three weeks, someone who is holding warrants at
.20 has been shorting the stock, making money on the way down and will make some on the way up. There are still from my estimate around 2,000,000,
.20 warrants in circulation (from a total of 8 millions to my knowledge that has been exercised – they expired on March 31st.). I do not blame the person or persons who are doing this...it is a great way...but not the most ethical one to make money...and it is completely legal. It is obvious from my perspective that the Medicago team does not  have the EXPERIENCE, to deal with an issue like that...like issuing timely press release, encouraging insiders to buy the stock or even Medicago itself buying its own stock back to maintain the price to a decent  level. Yesterday and today, I was attending the gold show in Vancouver and I had the opportunity to share some of my suspicions by showing the last three weeks trading data (I have level 2 and keep daily record) with two friends who are brokers.  Both of them think my analysis is plausible and they think that one or two players have outsmarted the company on this one by shorting systematically the stock while using warrants as security. It is not a conspiracy; it is not a very common scheme, just a dubious one and not a very ethical way to make money. I just hope we will hit the bottom soon.

<< Previous
Bullboard Posts
Next >>