GREY:CLLZF - Post by User
Post by
Rebels65on Nov 16, 2014 6:15pm
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Post# 23134466
To paid basher
To paid basher
If Connacher was going into a free fall the 1;.2 million bid at ;.08 would have been crushed on Friday;. Now it still may due to a new onslaught of bashing to shake retailers;.Now one must ask this question..IF SHORT POSITION is non existant, then why send out the basher to drive SP down. Answer is rather simple, SOMEONE want to accumalate a position at as low a price as possible;. Hardly a sign of a company about to die. Now to answer your question;. The loss occured due to high U.S exchange and a drop in oil prices;. The price of oil will rise soon as too many countries depend on taxation from oil production to pay socoial programs. So Connachers survival only depends on increasing production;.