Renaissance Oil Corp. RNSFF

This big seller

[farml1234]

could he be one of the PP buyers that is protecting his money

[anymuse]

that could be a good deduction farm since they came with warrants as well. 

[farml1234]

The way i understand it is they sell the stock short to protect there investment . Can anyone correct me on this ???? thanks

[anymuse]

that's getting a bit complicated lol, have to factor in which placement/hold period, but I would think generally it would have been done at the higher price, which brings the hold period thing into play again. I'm not up to speed on the timing of the placements and respecive hold periods. complicated question farm lolol

[farml1234]

why would the hold period matter as they would be selling short

[anymuse]

good point, would think shorts are soficticated people and would have done that in the 30's as there probably isn't much dowside from here, and I'm not that sofisticated LOL, but as protection, it's certianly possible. there is political risk here which equals uncertianty, and uncertianty is the one thing investors hate the most. investors can hadle risk of a wildcat much better

[anymuse]

Think we're stuck in this range till they prove up with some results. When you add up the issed, warrants, options etc, todays price is probably full value with probably a couple cents forward  looking there too. think we're stuck till some results come out. I'm confident results will help things along.

[crude]

You may want to take notice, all of the information we have recieved todate has come from monthly updates ,not News Releases  This company is held by people who are here to build a company, not promote a stock (like other companies)  If you have the patience you will reap great rewards by being patient here (IMHO)  Best o' luck !!