RE:RE:RE:RE:and there is the reason for the relentless sellingHomerun
I see you are the glass if half plus a bit full all the time instead of glass half empty! It is pretty clear the reason for the selling was 2 fold! First, and most importantly drilling in both the US and Canada was less than spectacular. Second, more and more people are being sold on the idea that crypto currency is the next gold. Actually gold has not been the next gold for some years now. The younger investor does not protect his investments with gold and the older guys who saw it as insurance are dying out! So what is the current value of the shares. I am an investor in the next few weeks if I can get some shares at the .10-.11 range as that is what the financing says they are worth. Regular shares went for .12 but came with a full warrant. As for the whole new institutional investor thing and on the radar of institutions bad arguement. The investor is pretty new to the industry and while I like what they are doing as a company I see it bad for investors. It is still early but I see them doing alot of financings at very cheap prices and always with warrants. After the 4 month hold they seem to blow off the shares and hold the warrants. Needless to say that is not good for the little investor. Someone on here mention give it 6 months. Well I would say 4 months as when the share go up for trading they better have some good results as suddenly alot of shares hit the market! The good thing is they have cash to drill. The bad thing is they have cash to drill at a low financing with a whack of warrant which often limits upside moves. Seems to me there is going to be some 50 million cheap warrants and options out there. Never a good thing for the small investor especially if you cost base is higher than the warrants......... Just one mans opinion will take a flyer if I can score cheaper!