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Encore Renaissance Resources Corp V.EZ



TSXV:EZ - Post by User

Comment by 889900on Feb 28, 2010 2:19pm
529 Views
Post# 16828044

Who's sellings at this price?

Who's sellings at this price?I'd wager that the selling is coming from insiders,raising funds to purchase new 10 cent warrants. It makes sense, sell off 2 to 8 cent shares at 13 cents, to buy 10 cent shares. Why, so the company can raise the needed capital to buy the next 15% of the Bonaparte, without another private placement This way the funds come from the Market, and the insiders get rewarded at the same time. We will soon see, once they report.
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