OTCPK:MEAOD - Post by User
Comment by
Maxmoeon Oct 28, 2015 11:41am
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Post# 24234550
RE:RE:RE:Order filled
RE:RE:RE:Order filledI wouldn't be too hard on them. It's very very difficult to raise money to drill holes. Especially $ millions if you are a penny stock. If there was another way, I'm sure management and the board would have used it. The only other options were to wait perhaps years to sell enough ounces to pay for drilling or to do nothing. We would howl if they did nothing. I agree it is very expensive financing, but it is also very high risk for investors. I'm just suggesting we can't suck and blow at the same time. If they raise money to drill the only way they can, we can't complain about the huge wall of stock for sale. It's all about the drill results. If ther is nothing there the stock is dead, if there is a new deposit, it's going higher, much higher, depending on the size. Best of luck to all. I'm in and waiting for results. I'm not fixated on what happens to the wall today or tomorrow. Any conspiracy and manipulation theories are ludicrous. Big boys don't trade penny stocks for 10% moves on a 5 cent stock. Even if the big boys could churn 1 million shares every day, that's still only a $50,000 trade and a profit of 5 grand. Maybe retail speculators, but not a hedge fund or other big investors. As for disclosure re who is selling, anonymous is used almost exclusively by fund managers and brokers like secutor, that don't want anyone to know who is selling because their orders are icebergs. Unfortunately, in Canada, only investors holding greater than 10% of the company need to disclose as insiders. This you can check on sedi, if you can navigate their ridiculous website. I checked last week, and there were no shareholders reporting over 10%.