RE:RE:Soo quite now.......you could hear a pin drop!treehugger2 wrote:
"Momo, if possible, kindly give us a hint as to who this party of your analysis might be. This will afford many of us retailers here the opportunity to look at this party as well and subsequently form opinions regarding his/hers primary motives for such stock manipulation. Being an insider has fleetingly crossed my mind….Thanks….."
As this is NOT an exact science nor do i have any solid facts to back this up, this will be ALL speculation based upon my VAST experience and the current information available. So take what i say here, not with skepticism but with an open mind that i COULD BE off and it MAY BE possible that i'm not totally accurate. With this said, my premise here is contigent on probablities and the "chnace" of it actually being the case.
So from what i've seen from past similiar situations AND what occurred with trading with SSE the other day, this is my explanation. I've worked out that this has a probablity of 75% being insider driven and 25% being a retailer as the culprit. I'll deal with the retail side first, as it's the easiest to explain.
Imo, it is "totally" possible that this was the actions of a single rogue retail seller who decided to lquidate for whatever reason. As these micro plays attract many short term traders with no loyality whatsoever, it is possible that a small retailer bought recently at a few pennies lower and chose to sell for a quick short term profit. Though i bleieve this is possible, i don't think this is the "real" cause and therefore unlikely for the following reasons. The fact that the main exchange was AVOIDED (just until the last minute) and the alternate exchanges were being purposely used kinda of "almost" eliminates this theory. In addition, a normal retailer would have completely left his position and moved on. Here, someone STILL has their foot on the gas peddle. Not only did they trigger/liquidate everything from .10 all the way to 0.08, they still have shares on the ask nad purposely capping the stock. Not typical retail behavior imo and a 25% chance of it being the case.
Why i firmly believe this was/is an "insider" move, was basically the "avoidance" of the main exchange for most of the day and the use/cover of the alternate exchanges to do their dirty work. In addition, the way the stock was liquidated was also telling and typical of MM behavior not retail. The only question left here is WHY? And this i have split into 2 possiblities. One with intent and malice and the other forced with no intent. I'll deal with the latter first.
As you all know Mr. Brian Penny, part of the BOD of the company, has passed away recently. Now it is possible, as Mr. Penny did have a decent amount of shares, that to settlle his estate a portion of those shares were sold on the open market. If this is the case, we should be getting some confirmation of this soon via insider trading reports. If ANY other insider has also sold, this should be confirmed as well by this report. Now those are ONLY the ones that have to report, there are many that don't so it will never show up on these reports if that is the case.
Lastly, the final possibilty an insider with intent & malice. Why i believe this is the most likely case is for several reasons. Many were discussed above so i won't repeat them but i'll just touch upon a few others. Imo, this has all the smells & looks of an insider move, whether the insider is someone in the company, close to the company or just a MM. The reason? Imo, is to cap the stock at a certain price and keep it there for some unknown reason at this time. The most likely reason for an intent like this would be for "possible" upcoming financing. The company desperately needs money & liquidity, so it's not completely out of the realm of possibilties to fund ALL those recent exploration & drill programs, it was done for those reasons and nothing more. In other words, just a normal game for companies that trade on these exchanges within the Candian junior mining space.
One other observation i'll make is this. The FACT that they let out a release not more than 30 minutes after my post on the Stochouse, is quite telling also. So telling that i won't even mention what else occurred within that same short time frame. So YOU KNOW they are look at on occassion or even reading/observing these community boards on a regular basis, or at least someone close to the comany is. It's possbile that was just all a co-incidence, but imo doubtfull as this was not the ONLY occurance!
Hopefully if they are, they will take my advice regarding the Pino De Plata situation and take it seriously! If they do it will only better their stance going forward not weaken it like they are currently doing. That's all for now folks, hope this helps and we'll see where this goes. With some sound decisions and a bit of luck, this play goes as planned and i won't have pullout any of my newfie jokes........
Good luck & God speed