Sheldon Keeps on Buying Sheldon's timing sucks so I'm not the only one. He bought 25K shares at $1.65 just before it tanked. I wonder if his having the same redemption issues facing Sprott.
The sink hole from $1.25 to current level is 110% attributed to Sprott unloading shares. I believe most of his stocks were purchased under .45 cents. Is he done selling? Don't know and don't care at this point. I have no choice but to ride this train from HELL. At this point management is lame duck and the only thing that they can do is purchase shares in the open market. This would provide much needed boost of confidence.
Can someone come in and buy this thing before PEA, yes very possible but at what price? Likely around .80 - .90 range. A freaking bargain basement prices and I would still be down 50%.
I plan to have a one on one with Troy on Monday. Anyone with queries just PM me.
God Bless the Longs.