GREY:SLKEF - Post by User
Comment by
victor2009on Mar 15, 2012 12:32pm
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Post# 19674721
RE: Theories and more theories
RE: Theories and more theories FoolsAu,
It is strange how one house is so interested in ISM and NZZ, and a large percentage of the time they are buyers at a high. It sure looks like someone would have given them a better price before and after their trades. Maybe IIROC will find out what's going on with these games. It would be interesting to see where ISM share price settled, and how low the volume would go if Global and "anonymous" were not present - and the NCIB was not engaged.
4 board lots yesterday [$320], and the same so far today - only buyer on both days is Global Maxfin.
I really cannot imagine what would provoke someone to buy into the ISM story at this point. The only expected news that might be on the horizon is the NI43-101 update, and that looks like it will be dismal. ISM's 39% holdings in NZZ brings the news that NZZ was unable to get a needed placement off the ground. No reason to buy - lots of reasons to sell, but a lot of shareholders have lost so much they'll hold to the bitter end - in case something turns positive. I predicted this would be under 10 cents by now - I was wrong, but without any manipulation or "stories" being circulated, I think its just a matter of time. It hit 9 cents before, and nothing has happened since that will offset the steady cash burn. Its like a company under care and maintenance - but it hasn't hit the front office yet. In the front office, it's we'll take care of ourselves and maintain our remuneration.