RE: RE: were in for real treatHi Ike,
I know that the original Press Release said that the PP was going to close on the 24th, however I read all of the documents filed by the company with the OSC on Sedar dated March 16th, and one of the documents indicated that the PP was going to be completed on the 22nd, which would make that Tuesday and not Thursday. Go to Sedar.com and read them all for yourself, everything is going through, I don't understand why anyone would be nervous? There is also a document filed from the group taking down the PP, that they have confirmed that they intend to take down the PP, also there is a document from a qualified engineer/geologist that has reviewed all of CAN's results to date.
Now as for the short position the group taking down the PP, also has the right to buy an over allottment of 3 million shares within 30 days of closing of the PP, isn't that co-incidentally similar to the short position currently on CAN?
It would appear that they have controlled the share price to get their PP through at $5.40. Anyway read all of the documents on sedar.com that were filed on March 16th, that should provide some insight and maybe we can all talk about it here and make some sence of all of this.
Regards John