Re: Big disconnectThx AP
"So we have a big disconnect between real value and trading value. As has been pointed out many times on this board "they own it all". So "they" are selecting these artificially low trading prices for their own purpose(s) obviously unknown to shareholders here. Insiders have been buying at much higher prices relative to current trading prices and not disposing of any shares. That provides significant comfort in and of itself." - AP
If we are correct, this could be one of the biggest disconnects in the history of the Cdn stock market ! As you point out, insiders are "behaving" as though the disconnect (i.e. undervaluation) is real, or , in other words, that the notional value is much higher (than what is reflected by the current share price). So apparently is AGP, that took $ 10M worth of stock at a level that is 37% higher than today's price. They would only have done so, one would think, with a lot more reassurances about the future (ie. a better overview of the puzzle than the market in general currently enjoys - especially the only market that really matters - the one south of the border - where the Co will derive likely > 95% of its revenues going forward)
Or put even another way...are Insiders and AGP the smart money?, or are the anonymous sellers? (I know what a few nasty posters would say)
I'm curious why the Company doesn't enter into the fray and try to have this disconnect/discrepancy corrected via some new promotional efforts, IR, investor conferences (eg. via Benzinga like conferences, which apparently somehow hit a snag). Especially now that the recent private placement has been put to bed. Afterall, your treasury of issuable shares combined with your share price is your currency...and from time to time you need to print it.
Perhaps Mgt., AGP or others, will soon provide us with some clues to this (seemingly never-ending) mystery?
MM