Encore Renaissance Resources Corp V.EZ

Betting time...

[889900]

Looks like some shareholders are selling based on the Sidon reverse split.
While this play shows all the signs of an impending reverse split too, I think they will have to run share price first, then do the split. Those involved in the 5 cent PP need to make there money back plus a few pennies for their trouble.
At 2 cents ( or less in a few days) it is worth the gamble.... could be an easy 3x to 5x in the portfolio.

[tim_k]

Ahhhh that old excuse... er I mean reason.the old "the PP is worth more than the current share price, so those involved with the PP wouldn't want to lose money". OK ... lets look at PP's going back to the beginning of 2010: 201Jan 13th: 20 million @ 0.20 (fully subscribed on jan 13th)Jan 29th: 25 million @ 0.20Still hasn't reached 0.20 since the PP. Sept 14th