Pacific International a seller since Oct.They have sold 5 million shares or so over that time.
We spudded in early October, so they can't know whether its a duster or not esp in light of the Dec. PR where VSt announced the 180 ft hydro carbon bearing zone (since cased) that seemed to have no effect.
That seller has kept the stock price down as we get closer to TD. They sell anywhere from 200,000 to almost a million a day trying to keep the stock price down to the 50c range.
Anyone know anything. it sounds like an Institution trying to get the stock off their books---God knows why. Hard to imagine any negative news that thye would be selling on. the DST's have not started yet. i believe we are still drilling to TD and DST's later this month. Ahmed will no doubt be giving us a drilling update on the 18th of Jan. and we don't usually get a guy standing up at the London Petroleum exposition to say that they we got a dry hole. I, for one, would not have the guts to do that when there are guys with hit men on the payroll in the audience.
Comments?? Anyone know anything on this Pacific International selling thing.?
Without that selling we would be back up at 1.00. at l;east.