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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Post by FLHTon Aug 25, 2010 9:24am
415 Views
Post# 17381120

just a thought!!

just a thought!!Suppose you approached Nag to buy 15 million shares over the next 60 days @ .12 in return for 15 million options. You buy  a million at a time & immediately put them on the market @ .12 & use the revenue to fill your commitment. The plan is to end up with 15 million options for the price of your commisions. But the market cools and shares aren't selling as fast as you would like. Nags has not see enough revenue from this deal to post the bond so needs a news release to move things along. But there is no news therefore throws out Lake Louise news release, which is nothing as Nag would sell the whole show but (as it is costing them more to operate than they are making) no one is interested. This NR has no effect so is followed by the redundant news that they are shipping coal. Would this not explain what we are currently seeing?? Just a though!!
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