InvestorsHub Logo
Followers 3
Posts 119
Boards Moderated 0
Alias Born 04/09/2014

Re: swimom post# 17957

Thursday, 04/24/2014 10:13:18 AM

Thursday, April 24, 2014 10:13:18 AM

Post# of 30645
If anything what we're seeing would be a good sign.....the shares being sold (dumped/dilluted) are what Petron gave to their creditors. Creditors gamble on being paid, not on share price. They pay to have their shares sold off as fast as possible to recoup their loss and make their money; absolutely no business sense in them holding on to the shares. It's also not very likely they could sell 10's of millions of shares at a set price; therefore they have to pay someone to strategically sell for them.....What I see is people BUYING 300,000,000 shares of PEII yesterday. That looks like a good sign to me if it's leaked information. PPS won't be affected until the approval hit's the average trader.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.