RwU89 Private Placement June 17th 2010News Release in June 17th 2010
6,250,000 flow through units at .32 with a half warrant at .45 Hold period until Oct 18th.
As all of these shares and warrants are largely in the money, Especially the flow through! Eventually, we should see some inevitable shorting into this strength. I retain my core position, but have sold all of my traders, It might continue to run away of course on more spectacular results, but these shares will have to come out sometime. It is a risk, to wait for a pullback, but with the recent placement priced at .45, I think it is only a matter of time.
Still long some, just in case, but waiting patiently.
GLTA