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Bullboard - Stock Discussion Forum Zone Resources Inc. V.ZNR

TSXV:ZNR - Post Discussion

Zone Resources Inc. > shellfish
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Post by SUCYN on Dec 03, 2011 5:56pm

shellfish

IR was telling me Thurs. and Fri. that ZNR is going to do really good over the next 6 months....and then I checked TMX money and it looks like Charles sold 171K shares @ 0.09 on Fri... really frustrating.........................12/02/2011 ZNR 0 171,000 0.00 15,390.00 0 7 CAD.............
Comment by SUCYN on Dec 03, 2011 6:01pm
I had a thought, maybe Charles sold those shares on Fri. to get in on the PP.....I had heard that some insiders were getting in on the PP......
Comment by SUCYN on Dec 03, 2011 6:49pm
But he is selling at a loss...
Comment by shellfish1 on Dec 03, 2011 8:12pm
Never believe the IR please. A good point from the SLT board: https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30426681&l=0&r=0&s=SLT&t=LIST This management is hopeless as I warned early this year. Take the profit and run away whenever you can. This is not a company you can long. Shellfish
Comment by shellfish1 on Dec 03, 2011 10:05pm
If IR really knows that the next 6 months will be good, Charles would have bought more and raised money at $1 instead of 0.1.Shellfish
Comment by SUCYN on Dec 04, 2011 2:54pm
I still think he sold at a loss ( at least he can't flip for pennies now ) so he could raise money to buy the PP, which I hope he did, it would be for the warrants and now he can't sell for four months.......I think the drill results for #8 and #9 will be good, that's why they paid extra to put a rush on them....
Comment by shellfish1 on Dec 05, 2011 1:58am
I wouldn't care the loss if I can get a paycheque of x $300,000 a year. But I wouldn't sell either if I don't care. Funny CEO.         It is very difficult for a venture at this level to raise money these days. The ceo must be very serious as the how the money is spent and what results are expected to be delivered with the money, in order to attract future ...more  
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