RE: RE: RE: RE: RE: RE: Bids looking stronger....It wouldn't drive the price down if they sold in a controlled patient manner over a period of months. Five figures of shares a day and several hundred thousand shares on a good day spread over a month or two or three, depending on how hot the market is, would take care of several million shares quite easily. One can afford patience when one knows exactly what happens next.
You've been in this long enough to have seen the pattern many times before.
As for who's buying? It's the same guys who always buy at the wrong time The future bagholders.
Ask fyrftr about how that works. Or yourself if you're still holding on to a whack of old out of the money CMV shares.
I'm not saying there's nothing coming ever, I'm just saying that judging from my past experience with this in it's various incarnations I'm betting there isn't anything of substance coming for awhile yet. I think people will clue in eventually when there's no news. Then this little run will burn out and the price will drop to around or less than $.10 again.
Then sometime in the future when those nice $.10 placement shares are eligible the news will begin to flow, the share price will inflate again and the usual suspects will once again cash out.
If I'm wrong about the timing well who cares? I'll wait for the reverse split. No hurry. There's no shortage of juniors out there to make money on.
So if I have mistimed it and stay away for awhile keep a close eye on the burn rate folks. Especially you junior miner newbies. IMO, unless GPM finds the pot of gold in the next year or so there's no way they will be able to raise any more cash without doing a consolidation.
Considering the enormous float it'll probably be a 1 for 4. Not pretty.
Good luck and have fun out there.