Post by
dontknowmuch on Jan 29, 2009 4:12pm
Large transactions
On Dec. 11, 2008 there was a large transaction of 1.28 m shares @ .10 and I asked similar questions, only got expected lame response from Ecomplayer. Assuming that Ecomplayer is correct and it is someone "giving up", selling and moving on ....... what about the other side of the transaction? Who is willing to pony up over 100 grand and why? Is there some other explanation? I suspect that Honkeybill and I are not the only curious ones! Can anyone educate us to other possibilies these transactions might represent? Thanks!
Comment by
1589farm on Jan 30, 2009 10:37am
This would be tax loss selling. As the transactions are atleast 30 days apart as required by CCRA, I would not read much into it beyond the same poor person or corp continuing to hold this poorly managed company in HOPES that some talent or LUCK shows up.