Post by
laseron on Oct 23, 2015 2:55pm
A speculation on the selling
Continued selling has driven the price lower and lower, with no clear reason. One possible idea is this ... The company is negotiating selling the company. A prospective new buyer of the company has a tentitive agreement in place which values the company based on the average closing price over the last number of days (for example 30 days). So, they drive the price down at a temporary loss, with the hope that they can make a formal offer at a price much lower than normal. If this is the case, then we can expect a formal offer from the prospective buyer at, for example, 0.06 per share while they claim that this is 30% higher than the recent price. My guess is that this sort of price manipulation is illegal, but I think it is fairly common, although I can't prove it. All-in-all, I find the situation upsetting.
Comment by
Wolfin13 on Oct 23, 2015 3:02pm
Not going to happen because the infrastructure is in place and ming is in operation....this will have to be valued in in any take over price.....plus Bachelor and Barry Gold resources.......... 0.25 - 0.40 / share would be break even dependent on current POG IMHO
Comment by
woodscountry on Oct 23, 2015 3:02pm
All you have to do is vote against the sell out and vote out managemet for either insider dealings at a negative pricng of the stock