CanaccordHowdy... I have been following RM for quite a bit, and after reading the board, I get a good impression of knowledgeable posters making some decent speculations. I'm impressed.
The fly in the ointment in my opinion is Cannacord, which for the past 10 years experience with, has come to be recognized by me (IMOP) without any credibility in ethics when it comes to financing.
If you google them... you can get a taste of some of the bad bad press,
The up tick for shorting has been eliminated in canada and any SC regulated to control it is a paper tiger in regards to naked shorting which I'm not sure will show up on legitimate shorting tables. Any thoughts on this would be appreciated.
I have followed Cannacord financing enough to recognize that most anything they handle always takes a dive for extended periods. Case in point Canaccord,s most recent picks for 2010. They have taken months to show any move after their Canaccord mauling.
URC took a hit at .32 cents, which is a matter of record at Stock Watch.
The most legitimate reason likley pertains to selling out holdings to make room for new money being put into the new deal, the details of which that dictate that,........... are known only to Canaccord.
The next reason I would suspect is some form of price manipulation on the part of Canaccord as the most probable dirty move they could possibly make, and I wouldn't put it past them, however as this is my opinion only, so take it with a grain of salt.
However, If I could buy at .10 cents... I wouldn't complain... JMOP waiting patiently.
It`s a shame though.
GLTA