RE:RE:RE:Contracts locked in... So you see this is being manipulated too? That is a for sure. It is so obvious. A friend pointed that out to me over a year ago. I see three problems here. 1st. Does the industry compliance bureaucrats want to kill this stock so the venture exchange will fail. It's no secret that they have wanted to close the venture for decades, but, the constitution says everyone is allowed to raise risk capital for business ventures. By holding this down it limits the number of venture exchange stories. That's more of a conspiracy theory approach. The solution for this is for CVX to get listed on the big board.
2nd. Is a potential takeover company trying to keep it lower as to not have to pay as much down the road. And for sure if this was the case they will want to keep it low until after the warrants and convertible debentures conversion date is exceeded. That way less shares to pay for. If that was the case, buying at these prices would be a bargain because can't see them paying less than a $1.50.
3rd. Now that we are over the 20 cent mark which was the warrants conversion price for the last batch of warrants. Are those that converted bored or tired of this company so now that they are in the money they are slowly dumping? If this is the case they are presenting buyers a good supply for down the road. If the price stays below the exercise price of the debentures and warrants the end result will mean less dilution.
just some ideas to think about. In the end anything under 50 cents is a bargain.
Anyone know what happened to Kingscorpion's last post? It's gone. And I'm surprised he has said anything about todays news release.