RE:RE:I Dont Understand.....I know I have said no such thing but I will say two things, 1. I talked to MP maybe 3 or 4 PPs ago on a day when the stock went from about 23 cents down to 17 cents, he said they were doing a PP but knew nothing about people selling to take part and in fact they don't really watch the day to day movement of the stock, they were only concerned with finishing Phase II. I believe him 100%. And 2. I have theorized about coming PPs because of the selling I have seen before PPs are announced and know personally someone who has done it. I haven't.
I don't know if there is one coming but for someone to say that it doesn't happen is just false and I have yet to come up with a reason for someone to sell a big chunk only to have it gobbled up at approximately the same discount to the market every time. Tax loss? Who is selling at these prices at a loss?
Having said that I also haven't seen anyone here say that the "IR guy" suggested to people to sell their shares to take part in any PP but I have a lot of people who would say something like than on ignore. This is why.
DJDawg wrote:
I'm skeptical of this. I've emailed the IR guy and noted that his answers were worded quite carefully. I have heard people on this forum talking about selling to shares to buy into PP and wonder if it was mis-attributed to IR guy.