RE:RE:RE:I Have Finally Decided I Will Not Add AnymoreBlitzer2 i am actually very pleased and have always said i would prefer my holdings to move up versus constantly down. While i did say i cost average down and will hold wait for the uptick there are things aside from my own stupidity that ticks me off the biggest of which is lack of shareholder support at even the most lowest point floor.
There is 0 excuse that after management is doing a raise at .23 this should ever be below it during that time. Now when the raise is completed it brings the share value up as people know the company has monies on hand that should last a least a quarter possibly more depending on burn rate.
Now lets talk about scenarios if this company after closing the placement does so on June 27 th as targeted and lets say has enough money for at least another quarter so end of the third quarter the price of the shares should stay up for a bit of time but with the passing of days and say no heat sure it is understandable and justified for people to start going defensive and the price start to trace back but up until the pp closes it really shouldnt be less than .23 unless the June 27th day is hit and the placement still open ok i would say fine. To me people are screwing themselves until such time and selling less than .23.
Clearly there is ongoinh predatory manipulation here. Now if the shares hoover around .23 to .25 but mostly .23/.235 i will say ok at least it is at the floor where it should not be below. When the pp closes if on time it pushes .25 or better that is justified so if the shares continue to hoover .23 to .24 until then fine if pp still open after June 27th and slumps to floor maybe a little less where it is now .21/.215 under .23 i would think that is fair but definitely not less than .21 as the company is potentially getting capital not only for the workover but also for other projects and of course keeping the light on. Now this is simply my mindset and the market will do what it does even so i do expect management to do whatever it may have done today and keep that up like i said i am very pleased. Regardless i will have to keep my mouth shut and just wait for this to keep going through the process so whatever comes after today is another day but for today i would love to savor this moment through the day. Keep it up Geoff all i am ever asking is dont keep accepting abd devaluing the shares even if unsiders get grwat deals dont forget people at retail who have chosen to hold not trade let them all of us feel happy too. Whose to say with insiders getting sweet .23 and the benefit of lower values as the stock trades higher compared tp retail that retailers cant enjoy the near term as the inevitable share drag hits...keep the share value uo hopefully cancel certain other things and keep bringing integrity here.
I will say thank you Geoff if under your care and design...thus day i am relqtively speaking extremely pleased lets see these hold .23 possibly more go step in that direction. Blitzer let me put it this way at least i didnt sell for .18 not that i was going to. I am waiting for the heating to start and refuse to sell below .23 unless as i said there is reason to and that will be if the pp doesnt close on or before the 27th and even then i will wait 7 to 10 days so hopefully this gives an idea how much i really want to sell despite my frustration and scorn in business not personal towards Geoff. I will continue to bend over backwards as far as i can go here to hold what i have whether or not i add.
Another long post sorry about that...just sharing very clearly my mindset. Today i say a big thank you to Geoff or whoever for this uptick lets see it keep up to .23 at the very least. Conference starts tomorrow to Thursday. I am happy today very happy actually but yeah i said my piece and will try to leave things be meaning trying not to peep for as long as i can. Any bets as to how long that will be lol. Good luck all.