RE:Van WyckI have been a shareholder for a couple of years and continue to hold so with that disclosed to help understand my interest.... I do have a couple of thoughts about this circus...
PO overplayed his marketing hand with a shall we say optimistic NR... It may cost him his job and maybe it should...
The Lawyer could well have thought he was selling into strength (more on this later) and he will have some trouble from his ill-considered actions and he should, however the insiders hold around 60M shares fully diluted, so his stupid 900k sale is just stupid... No other insider sold anything....
The Graphite industry is showing itself to be a cesspool and it has been a petty cesspool for quite sometime. PO and his crowd have been givers and takers in this particular pool so in a sense they deserve it, the good Dr.'s don't though IMO....
Panasonic considered cancelling the order because of the grief it has caused, but then reconsidered and maintained it, which may be important....
Everyone is feverishly looking for a tree to use their rope with, however what very few people are talking or thinking about is the volume around the 28th NR. The optimistic NR of the 28th alone was no where near misleading enough for 130M shares to be traded in two sessions, when SJL's normal volume was around 700k a day.
Where did this unusual spike in volume and SP (perhaps the perceived strength the lawyer thought he saw) come from??? Usually following the money provides answers and in this case the 900k sale is not the money.... There was a cheap PP in Dec. with the shares becoming free trading about now and there has recently been an increase of around 16M shares in the float which could represent some warrants, the financials will tell the tale.
Coincidentally there was a spike in shorts around this time to 32M, hmmmm. There was another poster who offered some thoughts about these coincidences earlier, but of course his posts were drowned out by the noise on this BB. The manipulation of retail here has little to do with SJL and a great deal to do with an institution involved in the Dec. PP. I hope my decision to hold for the tech works out for me, its a gamble. I feel very bad for the many retail investors who have been ripped off, however I don't think it was SJL that ripped them off. All of course just IMHO.