RE: Up then down
Robex just stinks, up ten cents a day then down 10 cents the day after, should have sold everything yersterday, I'm just psssst off.
After reading the news this afternoon, I understand why it's down,and it's not over yet, we will surely see the seventies tomorrow. Who makes money in that kind of deal? surely not us the poor suckers investors but the Banks . Did you read that? 0.50$ each unit plus a warrant good for a common share at 0.65$ the first 12 months and at 0.80$ for the remaining 12 months when we were standing around 0,90$ for the past month, do you understand now why it's down today.
Very hard for Robex to go up with that kind of deal, difficult to see a raise this year, 5 million warrants to go through at 0.65$ for the coming 12 months, hummm... makes you wonder.
Will probaby lower my number of shares in the coming days.
I was long but now......!!!!!!!!!!!!!
Tallguy