GREY:NWMMF - Post by User
Comment by
zzthnxon Nov 07, 2011 6:07pm
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Post# 19216676
RE: RE: RE: Confidence in company waning?
RE: RE: RE: Confidence in company waning? Hey Bonefide, no, I don't think there's necessarily a direct correlation there. The finance company may have condifence in NWM insofar as they are willing to grant them credit and extend terms. The share sale may just be a policy of the financer to grab the $1 million or so from the shares immediately. Maybe they don't want to hold shares of companies that they finance. That's my take anyway. I'd give it another day or two and then I suspect that the SP will start heading up. Think about the volume for the the last week. I don't remember the last time NWM had this kind of daily volume. I think it would be quite a coincidence that the 9.5 million shares granted several days before the massive selling started doesn't have anything to do with it. Cheers, zz