NWM Mining Corporation NWMMF

Confidence in company waning?

[boneafide]

Large chunks of shares sold on Friday suggests that those in the know or institutional investors don't have confidence in the company's hiring of the consultant to explore strategy for enhancing share holder value. The company's move would seem to be a positive event, however sp action suggests otherwise. What do they know that we don't?

A selloff to keep the sp low for the eventual buyout is a possibility to minimize buyout premium.

Boneafide

[zzthnx]

Hi Bonefide, I don't think that's what is happening here. Remember 9.5 million shares were just granted to the finance company a week or so ago. My thought is that they are selling those shares and other deep pockets are snatching them up. By my estimate, about 2/3 of those 9.5 million shares have been sold so far. Give it a few more days of very heavy volume and then see if the SP doesn

[boneafide]

zz The finance company showed confidence in NWM when advancing the funds. To then sell off the 9.5 M shares granted by the company within a week or so would suggest just the opposite. boneafide. 

[zzthnx]

Hey Bonefide, no, I don't think there's necessarily a direct correlation there. The finance company may have condifence in NWM insofar as they are willing to grant them credit and extend terms. The share sale may just be a policy of the financer to grab the $1 million or so from the shares immediately. Maybe they don't want to hold shares of companies that they finance. That's my

[BlindBat_1]

Hey Bonefide, no, I don't think there's necessarily a direct correlation there. The finance company may have condifence in NWM insofar as they are willing to grant them credit and extend terms. The share sale may just be a policy of the financer to grab the $1 million or so from the shares immediately. Maybe they don't want to hold shares of companies that they finance. That's my

[Mercedin1]

Oh great, the famous cut 'n paste clown from Manitoba, Blinbat is back here-lol!  Didnt you get laughed off the T.IAE board after being weird??!!  Look for a runup this week or next week.  Everytime this guy posts insightful info, NWM goes up.  Remember a few months ago he said he had coffee with Chris, the same time he was onsight at the mine??!!  Take it for

[Milly12]

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[zzthnx]

Hey Stupid, I believe a four month hold period applies to private placements, not outright share grants. Here's the PR about the share grant. Do you see anything about a four month hold period?