HELMJust speculating here, but our highest market cap was 95.28 million dollars when the share price was .75 cents on June 3, 2016.
Our market cap today is 59.1 million dollars, a retracement of 36 million dollars.
If HELM would have bought in at the peak with a 25% maximum stake, it would have cost them 23.82 million but today it would cost them 14.775 million, a savings of 9.045 million.
How much would it cost them to bring down the share price through third party brokers seeing as they would only have to sell at strategic times to maximize the losses.
They could force the weak hands out and take advantage of stop losses along the way.
Let's say it cost them 5 million, that is still a 4.045 million dollar savings.
If they keep going, forcing Cannacord out, then the savings snowball from there.
HELM is collaborating with CRE on the feasibility study, so they know exactly where we are heading ahead of anybody else.
Any thoughts.
Tess