GREY:ABGPF - Post by User
Post by
fsamfordon Feb 21, 2017 12:03pm
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Post# 25872187
Re: Alabama Graphite
Re: Alabama GraphiteI first bought this stock more than three years ago. Eighteen months ago I participated in a private placement in which I was allowed to purchase a large number of shares for $.20 a share along with warrants to buy more shares at $.35 a share. That gave me much more stock in the company than what I wanted to own. I anticipated that I would be able to sell off some of my shares at above the offering price. However, for eighteen months that has been possible only once for a short period of time. Consequently, I - along with a number of other shareholders - have wanted to lighten up for eighteen months. Whenever the stock gets close to $.20 there will be large orders to sell that will kick in. I still believe in this stock and want to own it, but want less than what I have. All of this is completely normal for what is a speculative venture. Once it has become clear that Alabama can raise the money that it needs to go into production, which I hope and believe will be very soon, everything should be OK.