Post by
explorer14 on Jun 07, 2010 2:57pm
pressure on the stock price
Pressure right now to have the stock price close below the support of $1,20
Let's see if we can avoid today the usual bashing at the last minute before the closing bell
Comment by
MrBlonde16 on Jun 07, 2010 3:17pm
Got real busy there for a minute or two, someone with a good chunk of shares wanted to dump them badly, dropping down to 1.17 before rebounding slightly.
Comment by
tigersea on Jun 07, 2010 3:59pm
they issued special warrant for 1.55, which will convert into share with no extra consideration.it cant be the warrant holders taking profit unless they want to take loss?!
Comment by
stayhumble1 on Jun 07, 2010 4:07pm
Tiger, see the June 2 news release re: the financing....The special warrants, as well as the common shares issuable upon exercise of the special warrants, are currently subject to a four-month and one day hold period under applicable Canadian securities laws which expires on October 3, 2010.
Comment by
tigersea on Jun 07, 2010 4:26pm
it means nothing, they can short it now and cover with warrants