GREY:PGDIF - Post by User
Post by
Chainsawwon Nov 28, 2015 9:14am
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Post# 24334330
Questions for CUDJO......
Questions for CUDJO......
It appears that some players may want to increase their position in PGD and not stay at the same level by dumping some stock and retaining rights.
If the stock price goes up ....that is contrary to what the public believes may happen as a result of the rights offering..... so the majority has to be wrong. What if the shorts are forced to cover??
Who is the mystery buyer from RBC that has been supporting the market and buying most of the stock that has been traded in the last week??? That i want to know..
I have been looking for an entry point but if the stock does not weaken then maybe just buy rights when more become available.
.10 plus .02 equals .12 but there is nothing there yet. Maybe monday the rights will show up and present an opportunity to buy more than just 50k divided by 4.
If a wall of support for the stock price is maintained at .145 or .15 then theoretically anything below .045 rights price should be a profitable entry point and a cheap protection as opposed to actually buying the stock. At some point we will see the rights disappear quickly especially if the stock price goes up instead of down wouldnt you think???
Again i ask if you have sources who is the mystery buyer through RBC??? Then we will know a bigger part of the story here!!! Maybe its KAISER who knows how much power he has hey??
He's not too happy about missing out on getting the rights down in the USA there.
Such a battle here only time will tell which way we move but at present its looking like we move...............