RE:RE:RE:Laughable at best Tannin wrote: Wexford's dilemma: like Iluv, they bought high and need to average down...so they like lower sp...except, too low, and OSK, or others, try a takeover bid. So wexford attempts, imo, to 'manage' the sp...currently they seem to like the 1.10 - 1.20 envelope.
Tannin, Wexford is in for there 20%, so supporting the share price over that 20% changes things a little regulatory wise. Now they could get more shares and stay below 20% ownership is if a PP is done therefor increasing the number of overall shares. However I don't see them supporting the share price until then. Plus we are entering the Tax Loss selling time of the year which will put more pressure on the stock. If I had to guess it's going lower but that's just my opinion.
Besides, if you think Wexford has a dilemma, what about Kirkland Lake. They got shares and warrants and the warrants ended up a big fat goose egg. Zip, Zero, Nada. Plus their shares are underwater. Everyone of the major shareholders (and a substantial majority of retail shareholders) are in the red on their shares. But hey Pascal is doing a great job.