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Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Comment by Maxmoeon Oct 28, 2015 10:53am
107 Views
Post# 24234228

RE:Order filled

RE:Order filledThe flo thru financing in the spring is the problem. As I said marquest runs a fund of illiquid penny mining stocks like every other flow thru fund. They have to sell whatever they can to fund redemptions. That means good companies like Mto are the first to go because they can not sell the sheet stocks by the millions at any price. That wall according to the press release for the financing is 35 million shares. That's a huge wall. On top of that at the same time we financed with secutor who are the folks that bring you charity schemes. Those people also have to sell at any price as soon as they can. You can't feed the homeless soup with penny stock share certificates. You need cash. Secutor according to the press release bought 40 million flow through shares. The double dipping was eliminated but the charity scheme remains just that, it's not an investment strategy for long term investors. It's a charity scheme that generates huge fees for the brokers and lawyers and tax breaks for rich people who want to make large charity donations at taxpayers expense. It's a huge flood of stock we have to get through. Good news is 40 million shares is a HUGE wall but not insurmountable. It's 'only' $2 million to chew through. The drill results will make or break that wall. 
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