Sonoro Energy Ltd. V.SNV

Private Placement Seller

[FabiusCunctator]

This huge selling in the last few days has to be one of the placees who took the 6 cent offering which just came free trading.  They were sitting on significant profits and just sold down for the profit and for the cash to exercise teh attached 12 cent warrants if they get called.  As there have been 3-4 million shares traded this should be near its end.  There was singificant market interest in SNV as this was absorbed realtively easily.

Keep up the news flow Management.

We should now see SNV once again testing resistance at 20-22 cents.

[Paraelcielo]

Do you expect the stock to go lower than what it already is? It's currently trading at $0.13. 

[Tekeela1]

Not sure, 156,000 shares sold to bring it to .13.   If someone sells another 60,000 that could bring us down to .10 cents

[Tekeela1]

But if someone buys another 60,000 shares it could take us back to  .16 cents.   Maybe the next news release will move us one way or the other

[Tactical316]

What management NEEDS to do is issue a PR and demand the share price be at 50 cents by the end of the month. THEY NEED to stop all this selling. I might as well be buying cooper pennies.

[lutefish]

So MENA is now the only hope then .

[thorgb1]

How do you "demand" a share price be 4X what it is currently? If it was that easy, why wouldn't every listed stock simply demand their share price improve?  Until this seller is gone we are stuck, plain and simple. The company just needs to keep doing its thing, pump oil, get another well online, keep working MENA, and update us accordingly. Don't panic until you see

[ark88]

Well, the only way that could've happened is what I said awhile back, that MENA news released ahead of 0.06 paper free trading would be preferred. MENA news could be tied to parameters that we have no control over, such as dealing with a state oil company and the related bureaucratic timelines. Regardless, lets hope this seller is just taking profit and is unrelated to material events. In the

[SlyFox1]

personally prefer this is happening before the MENA news. This paper is getting into stronger hands as a higher average. Prevents this selling overhang from having occured after MENA news and the SP run on news being larger now.  Hopefully we get a Sask updated this week too 

[ark88]

For me, its never a question of sellers, its always a question of having more buyers to move the price up. Much better to have more buyers than sellers, hence the preference for MENA news first. Meanwhile, I think this seller started on Jan 10th. Excluding today, thats 3 days with a total of 2.2 million shares traded. So lets say Anon was responisble for 2 million of that volume. I'd say add

[5oceans]

....Warrants at the door, and that many, daily volume increasing and share price going down ... ?  been here a few times and....? either one has time or more money - providing that one is very long on the play. I had reminisceces of previous engagements that I am glad to bee free from.until they do something with the share count, 'to much oil for my barrel'. just me.

[copperplay]

  Mr anonymous please just put up all your shares for sale at the ask so we can end this cat and mouse game and get back to 25 cents 

[MJB4231]

Anonymous has sold over 4 million last few days

[DaddyChaddy]

Curious, is there any way anom is a insider? Or just someone sellign their stock to get close to the .12 warrent's.

[ark88]

If it's an insider, they would have to report it. Nothing has been filed to date.

[DaddyChaddy]

5 days right? I guess its been 7ish days of selling so thats positive'ish

[copperplay]

  angry old insider selling in drips to hurt the stock lets go management time to get even 

[copperplay]

My opinion if no insider filings who else could it be with MENA 

[RoyMax123]

Insider have only contribute about 1.6M out of 29M shares of the financing at .06 and 13M out of 33M shares of the financing at .015.  So the sellers could be anyone else who have participated in those financing.  

[copperplay]

Yes but anyone who have participated in any financing in the last 7 months know they are close to announce MENA so why not wait and sell at much higher price ?? why I think it is old management 

[StratCap]

IMHO I believe its the legacy warrant holders. The ones that have been extended many times. Those warrants expire May 2024. Has the outstanding share count been rising lately? Just about to board a plane.  GLTA.

[ark88]

That makes as much sense as any. What a sh#tshow. Who would've thought this would happen as we begin production. Not me.  Every actor is a rational agent. Even this seller, be it legacy warrant holder or a shorter, they are rational in their actions and as such one can recognize patterns. It seems to me this is not dumping but rather a careful selling. Of course, this is the case until

[copperplay]

[copperplay]

why would they sell it all?  This not ending anytime soon with no news