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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on Jun 14, 2013 1:37pm
177 Views
Post# 21525946

RE: Question is

RE: Question is

We don't know who is buying. It could be the market makers who  have an obligation to maintain liquidity in the market. These investment houses are not losing anything by buying the stock. For most of the money has been made from previous trades by buying low and selling high, and now they have to fulfill their mandate to maintain liquidity and post "bid" and "ask' on the TSX board. Or it could be other investors who hope that at this price is worth the risk for some day if things turn around the stock may be re-listed on the Exchange. But come Friday no buying or selling would be possible through the TSX, only through private channels and due to the delisting the TSX would have no saying on the transanctions. The only accountability of the Cline Board would be the AGM's every year or general meetings which the Board would consider at their descretion. There will be no transparency of transanctions as would be under the TSX. This delisting might save the company some money they usually pay to the TSX, a million a year or whatever, and if the market turns around and they go into production, if ever, the stock may be re-listed, if by then has not been totally trashed by Marret through dilution.   

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