RE:RE:Cormark resumes coverage at $3.50 and a buy Old man Socrates, seems like you are losing your mind on the rocking chair. Go for a walk.
I would also highlight that the last time you lost your mind the RSI touched 30 and a few days later the ETC acquisition was announced.
Good contrarian indicators.
What you have rightly identified is that all the banks and financial advisors and analysts (or the companies the analysts work for) need to get paid.
What caught me (and all of you) off guard was the fact that they did a financing without the acquisition in hand.
I think this is all done with the intention of getting more institutional ownership. And a few weak hands selling to institutions at these levels is positive for them. It builds a stronger investor base.
Paul Hill and John Rim received all of their options. The Board members all have their options. The goal is to spike this, but they need all the financiers and institutions to make this happen. And they don't do this for free.
You all can't beat these people. All you can do is not sell. Trying to outmaneuver all of them is virtually impossible at this point.
Don't lose sight of the fact that $60M was deposited into this firm. And less than $1.5M of common shares have been sold below 2.70.
I can out trade all of you. But I can't beat institutions that have access to inside info.
But all I can tell you is that they don't get involve to make 10-15%. They are looking for big returns.