CGX Energy Inc V.OYL

Question

[taal]

For the board..All of us long term shareholders know how easy it is ...was ...to manipulate our share price...Very low float=easy to manipulate..It is not like Fec .....and they have shown this in the past how they took advantage of cgx and raped them....yes they did and because they had control of the shares there was literally no room for another big player to muscle in...now they could have Easily brought the share price down to that $1.00 mark...which in fact they did ...and do a rights offering at that price or close to it...Why did they do this price offering at $1.63 When they Knew they were going to take All the rights...Just not like Fec They knew they had to finance the Well by why at that price...Were they told to?????

[Mat1791]

IMO it was a fiction of timing. The financing needed to be completed and the rights were a function of the price at that time. The exchange does have some rules and power over the pricing of these events based on current valuations. 

[dragonfly454]

Answer: For FEC they had to close the Financing by a certain date I suppose. They probably want the well drilled in this financial year etc etc...The CFO did the damage by dumping her holdings and that imploded the share price and cast a shadow.The rest is just the poor history of CGX and the new meme stock short squeeze mentality market shaping the price plus demand and supply ..not many persons

[BlackGoldRefine]

Taal: You crack me up.  80% of your posts are complaining about Management conspiracy and SP manipulation.  It's silly and immature but in the end, what in your mind is going to come from posting this nearly everyday?  You and the others can continue to talk about the "history" but it doesn't matter.  The SP is the SP until we hit, that's it - not a thing