Cline Mining Corporation T.CMK

Anyone else curious

[Rilee42]

We were all led to believe that when the Marret plan went into effect this would be diluted to a 2cent stock. So now that it is in effect why are there 1.5 million bids at 4.5cents and large volumes being bought up all day. I think the common shareholder has been manipulated into a huge selloff. Something is wrong with this picture. I think I will continue to hold and see what transpires. There is nothing more to lose at this point

[larryl2]

  The company may use all those bonds money and then went bankrupt, so you may lose more. For those who think that company will survive will break even with 2.4cents after dilution if he buys today for 5centcs

[shane117]

Rilee42, the dilution doesn't automatically happen. It will happen some time next month. Read the news release regarding the Marett plan. The price WILL drop to 2cts and until then it will continue to decline. 

[oldkid13]

Hi, I am trading this stock for few years now, and I am holding my remaining shares until they worth something. The 'high' trading volume involve only little money. When they re-organised Air Canada, few years ago, it was widly known that existing shares worth nothing, $0.00. But there was 10K to 100K  shares traded at $0.15 or more everyday, until they pity these