GREY:XMTTF - Post by User
Post by
juststocks500on May 28, 2014 1:53pm
171 Views
Post# 22606274
Ka-Ching!
Ka-Ching!That's the sound of 5K $ hitting MEK coffers about now.
The only question I have is what will they do with the 1 Million unrestricted shares they're getting at the same time?
Will they crash the stock? That would make getting more money very difficult for XME. XME would fail on their Drill plan and MEK would recover their land by default after one year. How's that for a dark cloud.
Or will they ride it up to finance more of their own drilling program? How high will they go? When they struck that deal for the first Million shares, how much were they expecting from it exaclty? At 5 cents, it's only 50K $. They could of simply asked for 55K $ in the first place and pocket that in a guaranteed way. Anyone selling a million shares now would not get 50K $ cause they'd tank the SP and scare everyone away, even those with balls of Stainless Steel.
It's month end. Month end selling is bad 10 times out of 12, May is usually one of them.