OTCQB:UEXCF - Post by User
Comment by
invest4funon Jan 14, 2021 12:58pm
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Post# 32297657
RE:sellers
RE:sellersSavvy investors aren't greedy.
As I posted the other day, a few years back there were a lot of private placement shares doled out at $0.10.. with warrants at $0.20. For example, Mr Sorensen (whose purchases of these shares helped UEX gain a GREAT property in Christie Lake) shelled out $2million in the placement at $0.10 and then and other $3.6million to exercise his warrants at $0.20. That's a total of $5.6million! How many of us have committed that much to UEX!!!????
Mr Sorensen is a smart investor. Perhaps he is realizing some profits in this high volume market so that he recoups his cost. By my calculation, he would need to sell at least 20million shares at $0.25 to recoup that $5.6million cost. Then what he las left in his kitty (at least 15 million shares) is pure profit. That would take at least a month or so to happen with the current volumes of 1-2million shares traded daily. I'd be more concerned if there were not the plethora of buyers out there to buy at these prices. The next month or so is going to be VERY interesting!