TSXV:FGC.H - Post by User
Post by
rockhead7on Jun 08, 2011 2:26pm
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Post# 18688472
Possible explanation
Possible explanationI just checked my share cert from the Placement at 14 cents done some months ago. I tink there were several tranches but my certs are free trading on the 10th. One of the safest bets in the game is to short juniours before a big placement comes off the hold period. But the effect is normally seen when the stock is way above issue price-why would shareholders be crowding the exits to realize a 20% loss?
Hopefully we will absorb the loose stock quickly before we get results and some traction.