RE:RE:RE:RE:RE:RE:RE:PRODUCTION Update will be out very soonShlinker,
IMO recent months of trading activity do not support someone moving the stock by a material amount. This stock is only averaging ~675K shares a day traded (google finance 30 day avg) - basically 0% of the float.
Most retail investors are not going to flush profit out the window. If you are/were 200K shares invested - even @ .30 avg. you are $60K in. I suspect that might be an above average position compared to most. Would you move sell at market just to close your position?
We have had two exceptionally heavy trading periods - July 21 (41MM shares) and between Aug 22-25 (40MM shares). Both periods failed to generate any significant or sustained price fluctuatoin.
If a 10% interest holder wanted to divest, they could move the market down by dumping their shares. if you sold your entire position today you woudl dump the price to $0.34. At best it would likely be a very temporary price reduction. Demand appreas firm in the low 30's and without any material information on which to change sentiment, there doesn't seem to be a reason to believe prices would not recover to today's valuation.
In the midst of bearish pressure on oil and international turmoil in the Middle East - PTA is not captiulating... so I'm not seeing a reason to believe it is going lower...
JMHO