Soooo Friggin Preditable Mr. Stonecrop, here's the twisted logic behind the latest trading pattern:
SHARES FOR DEBT & OPTIONS
"Phoenix Copper Corp. is proposing to settle up to $87,500 in debt with common shares at five cents per common share. The debt settlement will be subject to TSX Venture Exchange acceptance.
The company also announces the incentive stock option issuance for 2.6 million shares to directors and consultants of the company exercisable at 10 cents for a five-year period. The company now has outstanding options to buy 11.25 million shares under its option plan"
This company has no concern for the common shareholder, rather, it's all about the insiders once again (remind you of VRB & BCU?) feathering their own nests.
A lesson to be learned from the past, head for the hills my friends othewise kiss your investment goodbye. Again, don't want to say "told you so". Disgustin!!