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Not much action at the ask is needed to move the MM's up. I bought a little more this morning and I probably have enough for now.
I think they are in trouble with shorted share. Watch them manipulate the bid and ask to try and gain an advantage over buyers.
Yep. He got some "cheap" shares and ready to rumble like the rest of us.
That's what I'm doing. Grab shares and make a few bucks here soon.
Absolutely nothing but manipulation. It's been this way for a couple of weeks. Very obvious when you watch L2.
It's an old story supposedly about news pending and MM signalling but it's always somebody just playing around trying to stir something up.
That has been going on for days. Watch the pricing, available shares and MM's jump around after a transaction. I think it's all in play to pbe prepared for the next move up once 8K is filed, Comic Con news , etc.
They are notorius for shorting pennies.
#9 on the most read board list.
I'm surprised no one has mentioned the manipulation yet. Watching trading and prices, it's quite obviuos. Manuvering by MM's to keep from being caught with their pants down in the next week or so.
Looks like all the consolodation is done. MM's finished and getting ready to move on up.
Starting to percolate some here today. Anticipation for filing(s) and the CC ??
And a lot of us are willing to take the chance . This is a good bet.
Not going to happen at the retail level. Raise your bid to 0002 and you'll be a winner.
It appears to be similar in nature to the one you mention. IF PRMO has falseified documents like the other than we all need to run for the hills quickly.
Sold all mine last week. Thank goodness I got something for it.
This gap between bid and ask may be to slow momentum temporarily if some of the retail MM's may get caught with their "shorts" down around the ankles.
yep. I bought some more today a couple of times and those purchases are all in the plus at today's close.
15 close is not bad after all the turmoil today.
IIDS and OTC Attorney letter for current information listing:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=51039
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=51040
That would be nice but it's likely to be a slow trading day today.
I'll put both in the intro.
Both are in the stickie notes.
There's a phone number in the news release. Let's all give them a call.
Prom Resources Inc. (PRMO) Announces Ivory Coast Property Acquisition
Date : 04/20/2011 @ 6:00AM
Source : MarketWire
Stock : Prom Resources Inc. (PRMO)
Quote : 0.0001 0.0 (0.00%) @ 2:05AM
Prom Resources Inc. (PRMO) Announces Ivory Coast Property Acquisition
Prom Resources New (USOTC:PRMO)
Intraday Stock Chart
Today : Wednesday 20 April 2011
Prom Resources Inc. (the Company) (PINKSHEETS: PRMO) is pleased to announce it is negotiating the acquisition of additional properties in the Republic of the Ivory Coast in West Africa (Republic of Côte d'Ivoire). The company believes that the properties are showing significant gold bearing material. The details of the interest will be release within a timely manner, according to the delimitative agreement.
"Over the past year the company has strategically negotiated and added significant properties to its portfolio as well as a minority interest in a refinery. With the addition of this property in Republic of Côte d'Ivoire into our already existing ore bearing and producing properties, we are enhancing shareholders value," said Mr. Dror Moradov, president and CEO of the company.
Over the past two quarters the company has negotiated a minority interest in gold assets and continued to inventory gold bearing material. The company expects to increase production and inventory during fiscal year 2011.
FORWARD-LOOKING STATEMENTS
Prom Resources Inc. cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Contact:
Dror Moradov
President
Phone: (407) 956 8677
http://www.promresources.com
WOW-LOOK AT THE 3'S GETTING HIT BIG.
I have an order in at 0003 this morning. Let's see what happens.
I did the same as you spoiled. Sold at 7 and 8. My post from Monday, after the news release said we will churn in this 6-8 range until we see real numbers from the news and that's exactly what has happened. If we get to 4 or 5 as Smilin says, I will definitely load up again and ride back to 7-9.
No doubt about it. Something has to happen.
Well said. You are exactly right. There's a lot of credibility issues to overcome, even some PRMO has created on their own accord. Penny scams and gold scams abound. It should be simple for Dror to authenticate what we have.
I've been preaching this refinery information for a while. My belief is that this is key. Having and selling gold is one thing, albeit very good, but if you can refine it yourself, then there is exponential profit. IMO. We need details.
I bought some of these 001's today. Maybe we can hear some good reports from the Chicago meeting by the end of this week or the first of next week.
Are all buy orders today "bid sitting"?
I think you got it exactly right. I sold mine today and took more than a double. Will come back in hopefully at the 6 level as this churns before the actual sales and profits are releases.
Agreed. Now it's time to see real numbers, i.e financials. This was a PR to move the price to where it is. Numbers will run this up. BTW I sold today for profit, nothing I have a problem with.
yep - same here
This news release was really good, but frankly I think we will channel in this 6-8 range now until we see actual financials resulting from this news.
Everyone welcome Muga as an assistant mod.
I have to say, this is one of the most sane posts in a long time.
Well said. Very good information. Thank you very much so everyone has the correct information and why.