RE:RE:Why and what LeMarcus wrote: FCarmine wrote: Am I reading this right ? Why would uragold sell 250k shares. Like, if you know you have at least 4n and are confident you can get 6n why would you ever sell. Can somebody try to make some sense of this. Also what does it mean when you guys say they are selling warrants. Sorry. New to the trading world. Also if in fact the had 6N where do people see this stock opening.
Until you see and insider trading(selling) recorded on SEDI ... or reported on Canadien insiders, on the venture... you can almost be sure it's a fake... no regulation for people wrongfully marking their transaction as insiders. It's only wrong, if insider are not marking theirs. Managementhas millions of share, so they wouldn't sell 250k only... just to make sure to scare people... as their tactics is more to release lots of news all the time...
AS per warrant being sold. Usually, if people participating in Private placement have shares+ warrants... they sell the shares and keep the warrants.... not the other way around...
So, all of this is just plain bullshit... because the usual organised traders know there are always new comers and gamblers... and their paycheck comes from taking away money form them... by incitataing them in trading the wrong way and be misled.
People try to see too much into anything. Every day there are penny flippers.It's penny stock market. You have volume on UBR, and a project with unproven tech... and high reward (rsk/reward) so you can easilly play on this one. There is no way to compute value... so you have to follow the herd :)
Recent PP has a holding period of 4 monthsfor the shares, and the warrants are good for 36 months .. beware of what you read on these boards