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Queenston Mining Inc QNMNF



GREY:QNMNF - Post by User

Post by Psalm9012on Jan 26, 2010 2:39pm
481 Views
Post# 16720550

Stock Plummeting - Financing Coming?

Stock Plummeting - Financing Coming?Just a heads up to those who are buying this stock at what seems to be a very cheap valuation all of a sudden. There are some things that you should be aware of that are concerning.

Earlier this month, from the information I have available to me, I noticed the officers and directors of this company sold off an unprecedented $3 million in their own shares roughing between $5.00 - $5.50 (there was, however, also the exercising of a large number of options just prior to this at
.65). Since then there appears to be an orchestrated sell down of the shares of the company. 

I am worried that this may be being done deliberately to establish a cheap financing. I wrote the company to inquire - not in expectation of getting an answer - but in hopes of tweaking their conscience not to sell out their present shareholders.

Your observations on the matter are welcome.

Should my suspicions prove wrong, I apologize, in advance, to both the board and the company.

Greg

  
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