Explaining Dummy Miner & Pinetree still buying It does indeed appear that Pinetree is buying, which would seem to send a message that Pinetree is still strong & robust ( PInetree's message to the public) and to suggest to those buying or considering buying CORO that smart money ( really dumb money) is selling CORO cause its no good rather than because PInetree needs the money and may be facing demands by its financiers to sell low priced stocks. Why did PInetree not make a press release of the sale of 50,00 shares that day of the same stock it bought that day, more than it bought.
The release by PInetree today said Pinetree bought 32,000 of a $5 stock. Canadian insider shows that PInetree sold the same stock on the same day.. Now how do you explain that. My guess is that Pinetree may have made a mistake in the filing. The kind of mistake that no one would ever be likely to notice and would not carry much penalty if discovered. I wonder if PInetree bought the tech stock earlier than it sold it. Same as with CORO.
I think PInetree is facing major pressure. I dont know Slimeball Inwentash, but I bet he is one arrogant sly pig,, and the margin callers or bank credit analysts who are letting him know the score are enjoying sticking it to him. Its like a high roller type guy who ran way over his credit limit at the casino by accident, and now he finds that he is no longer a VIP.
There is no way CORO should be a 2 cent Candian stock ( or more properly a $5 million market cap stock compared to other junior miners that sell for 2 cents. Coro is a real company with great management and real chances for very good success, and with enough cash to get by.
It would be interesting if someone on this board checked the volume for Sphere 3d on Oct 24 when PInetree claims to have sold 50,000 and bought 39,200 making a small profit on the trade.
If the 89,200 shares traded by Pinetree exceed by a good margin the volume reported for Oct 24, we know that PInetree may have made a "mistake" in its filings as to the date of the transations in Sphere 3 D and, if so, it may be of interest to regulators.
It should be an interesting year ahead for CORO.
Canada Moose