GREY:SDRYF - Post by User
Post by
shotskion Mar 09, 2010 10:53am
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Post# 16860459
Who is selling? This could be a part of it.
Who is selling? This could be a part of it.
Posted with in the last couple of weeks By ferret-ca
march 7 is the date the 60,000,000 25cent shares from the november $15,000,000 financing become tradeable, each share has a 1/2 warrant with a .50 exercise price so i assume the warrants will become tradeable at that time. the stocks drifting,imho, is merely people selling ahead of this event and hoping to by back in cheaper. i expect to buy back in in the few weeks or so somewhere in the .30's hopefully, having sold out my position a while back. i like the new acquisition as they are quite familiar with that area from the cux days plus the fact they have a significantly higher percentage of the play than the previous acquisition. the next few weeks should be quite interesting, we should see an increase in volume next week and there should be some good buying opportunities.
cheers and gl ferret
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