Cipher Resources Inc DREXF

up 25%, why? lvl 2

[JonnyRbuck12]

Level 2 Quote

[ambooze]

I imagine this is the markets response to our last news announcement of lowering the price for the proposed PP. LOLMaybe we might even be lucky enough to see high enough prices to induce an exercise of warrants thereby topping up the treasury higher than what is presently planned without the same dilution.It is rather unfortunate that present management doesn`t seem to concur with this rationale

[JonnyRbuck12]

Awsome post, i completely agree!But if you look at the house positions since DOX ran from 1.5cents back to the 13-15 cent range, its been the same houses buying Cannacord and Anonymous. Your prediction has to be correct or else im very confused to what the heck is going on, I cant see any other reason why.