GREY:GDPEF - Post by User
Comment by
lmcbainon May 07, 2012 6:03pm
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Post# 19881969
RE: RE: Going below 20 !
RE: RE: Going below 20 ! Actually the $.23 and the $.27 purchases of late quite simply suck right now. Can't do much about them other than live with it, but certainly not liking it.
There were a couple of discussion points earlier about cheap shares and there are / were more out there than just finder's fees. There were those, but also other fees due to the Reliance acquisition, these Avocet shares could be coming out, as they may simply want the cash + writeoffs - I do NOT know if Avocet has divested shares, but it possible.
There are others who picked up shares cheap both open market and in financing back when that $.15 one was done and there are those who simply have to sell as well. The market side of this is pretty ugly right now though.
Salut,
Leigh McBain