GREY:MDCGF - Post by User
Post by
Jentaion Jan 18, 2010 9:55pm
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Post# 16692988
my last two bits
my last two bitsFrom what I can see for the last three weeks, someone who is holding warrants at
.20 has been shorting the stock, making money on the way down and will make some on the way up. There are still from my estimate around 2,000,000,
.20 warrants in circulation (from a total of 8 millions to my knowledge that has been exercised – they expired on March 31st.). I do not blame the person or persons who are doing this...it is a great way...but not the most ethical one to make money...and it is completely legal. It is obvious from my perspective that the Medicago team does not have the EXPERIENCE, to deal with an issue like that...like issuing timely press release, encouraging insiders to buy the stock or even Medicago itself buying its own stock back to maintain the price to a decent level. Yesterday and today, I was attending the gold show in Vancouver and I had the opportunity to share some of my suspicions by showing the last three weeks trading data (I have level 2 and keep daily record) with two friends who are brokers. Both of them think my analysis is plausible and they think that one or two players have outsmarted the company on this one by shorting systematically the stock while using warrants as security. It is not a conspiracy; it is not a very common scheme, just a dubious one and not a very ethical way to make money. I just hope we will hit the bottom soon.