Post by
groundpounder2 on Jul 29, 2013 3:44pm
PI Financial
They have been accumulating for the past month. Sellers (weak hands) are clearing their positions of this stock. The reason we are seeing this exit is because no great company consolidated its way to greatness.
We have a situation where management screwed up by making a high risk decision to do the drilling on their own then crashed and burned.
I do know that management purchased most of their shares around $0.13 or $6.50 with the consolidation model.
With 11MM shares o/s pennies in profit can move the stock. With PI buying millions of shares at least these shares are in strong hands until their SP is reached.
My question to management is why has Raymond James (the company that you hired to provide a strategy plan) not bought any shares greater than 1000 shrs. After all you would think that if anyone was going to promote this company it would beRaymond James who have some insight of what RPT's potential is.