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Bullboard - Stock Discussion Forum Artek Exploration Ltd ARKXF

GREY:ARKXF - Post Discussion

Artek Exploration Ltd > short covering decreased first 2 weeks of November
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Post by teevee on Nov 21, 2014 9:56am

short covering decreased first 2 weeks of November

Symbol Report Date Volume Change Shares Issued % Float
T : RTK 2014-11-15 1,953,006 -6,497,936 77,838,875 2.51
Comment by Thanksforplaying on Nov 21, 2014 7:12pm
Wow.  That is a big short covering!  Prob from one of those blocks last week.  Interesting.  My guess is a big investor or two had some restricted stock of some sort.  Some firm was letting them short against stock they held then when their stock freed up they did a cross.   
Comment by teevee on Nov 24, 2014 8:44pm
my guess is the BNN pump and dump has run its course. Sellling assets to raise cash tells me RTK no longer has access to equity capital, the math tells me RTK is looking like a broken model, and the stock price is headed down with the low $2's as the first stop. This one could get ugly...... 
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