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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by actionplanneron Jan 18, 2011 2:46pm
489 Views
Post# 17991254

2 sides to the coin

2 sides to the coinlikesit,
 You stated it's harder to get financing if the sp was 10 times what it is now. I tend to disagree, since theyed only need to issue one tenth as many shares to raise the same amount of money. You also said that Charles wants to keep the sp low so he can flip the shares for a couple of pennies, IMO, he could still flip if the sp was much higher for a wider margin as well. Also you added that Charles is holding the sp lower. I think in that regard, he won't be able to manipulate it and hold it lower ,IF and When they announce huge profits from mining , as well as the exploration of the other properties. It's in everyones best interest to let the sp go wild , unless you are sitting on the sideline waiting like a vulture to pick up cheap shares, Some vultures wait too long , and miss the boat!!
 I'm not totally disagreeing, just trying to point out there are 2 sides to the coin, hopefully we get to see the other side soon GLTA.
 A.P.
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