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Concur. That would be a great signal to other investors that it is time to buy because the cheapies are in short supply.
That may be the best pump I've ever read. the author is truly a master of the verbal hand job.
Holy carp Batman!
Never had a problem with Choice Trade before.
G0340685 G0340546 2010-04-19 09:13:43 Canceled Sell 110000 0 NAWL Stock Limit 0.0003 2010-04-19 11:06:13 GTC cancel / modify
G0340546 G0339371 2010-04-19 09:08:54 Canceled Sell 110000 0 NAWL Stock Limit 0.0004 2010-04-19 08:53:44 GTC cancel / modify
G0339371 G0339292 2010-04-16 10:33:15 Canceled Sell 110000 0 NAWL Stock Limit 0.0008 2010-04-19 09:32:54 GTC cancel / modify
G0339292 2010-04-16 10:10:40 Canceled Sell 110000 0 NAWL Stock Limit 0.0004 2010-04-16 10:33:15 GTC cancel / modify
Not full of it... Was just a test block I've been unable to sell for some time now.
Dear God make them stop selling. I don't see the finance company contiuning to dump causing the price to drop this much.
Had my shares at .0003 for two hours this morning and they didn't sell. I just boosted my GTC and am going to walk away from this chalking it up as a loss. If it goes up that's great. If not, I need a write off anyway.
There have been about 4 million in straight sells which means more shares released. frick!
Our little mine is a swallowed gem until they stop the share hemorraghing (sic). Sure would be nice to see some news not follwed by an immediate dump of several million unreleased shares... grrr...
Shakes end. This has been going on since just prior to the PR. 2+ weeks of straight dumping isn't a shake.
Total guess on my part especially since the company won't answer directly, but I would be willing to bet a dozen doughnuts that they won't stop diluting until the float is around 800 million shares. Maybe a billion, but I can't imagine why they would devalue their own company by releasing all the authorized shares. Well, if they plan on doing a reverse split maybe...
This is looking like a scam now. I hope it's not, but it sure looks like it. PR to raise capital by continued dilution of shares. I wonder if they've been reported yet.
Down down down down... At least it has to stop at 0001 :)
Ugh... some news on this merger would be nice. I can't even dump at .0003.
Good morning CNEXers. Let's hope we gap up today and keep on going.
Yep, disappointing few weeks. I've just set a GTC (at a pretty high level) sell order and am going to try and keep the faith. Surely this won't turn out like PMDP and drop everytime news comes out.
Damn... I was feeling sad about being down 56%.
mostly red (MM down ticking) on both the ask and sell. Make the bleeding stop please...
I think I'll wait till the triple zips and average down big time.
You're the tits.
What? I can't hear you but I'm doing my breast to listen up.
Was nice to see it creeping back up yesterday. Here's to the trend continuing.
Morning. Here's to the end of dilution and only upticks from the MMs. Happy trading.
Given current market cap using all authorized shares and not just outstanding shares, this company sits at a 2.8 million value. A pps of .1 would give them a market cap of 140 million which could actually be low for a producing mine.
Now, since the float and restricted shares are currently less than 1.4 billion authorized, there is a chance for an even higher pps at current levels.
This company is undervalued based on outstanding shares and current pps.
Positive results from the QP and a stabilization of shares could see this hitting much higher than a dime. However, that's a bunch of speculation. If there is an increase to the authorized shares or if they make all authorized shares available before news, this could drop so low it may not recover for a year or more.
There is. Read the release and the assay reports from yesterday.
Good morning CNEXers. Here's to a profitable day.
That's actually a lower number of shorts than I thought it would be. Still, over 40% is a HUGE amount of shorts for a day.
Yep. Yep. There are all the signs there to gear up for a run. The back-tracking is certainly ringing alarm bells. I'm holding and waiting. Gearing up for the run.
It's frustrating to be sure. I am curious to see if the float goes up today and if we aren't seeing some dilution.
I agree. Looks like this may be a shuffle play much of today. I would still really like to see a close above 3. Volume is there to support a close above 5 if it keeps up and profit-taking isn't too great.
NITE looks to just be buying this morning.
Who are you trading through? I use Choice trade and haven't had a single bid rejected. however, I bought in last at .0026 this morning.
Ugh! Shorts are just being brutal now. Doesn't look like dilution, but maybe...
Put it in at 28; should fill at 27 if they are available
bidwhacking jerkfaces!@$%^
Maybe not today, but I think we can get to the 4s if there's no more dilution. tomorrow and Friday will set the tone I think.
25s gone; knocking on 30s
Look out mama; here comes the volume!
Hehe... the ask just adjusted up to .0025
Cool. thanks.
CNEX - News! There's GOLD in them thar hills! Literally!
http://ih.advfn.com/p.php?pid=nmona&article=42372886&symbol=CNEX
Cannon Exploration Releases Assays From 'Queen Alexandra' Gold Property
PHOENIX, AZ -- (Marketwire)
04/14/10
Cannon Exploration (PINKSHEETS: CNEX) is pleased to release selected values from the company's recently completed rock sampling program carried out on the Queen Alexandra property, located in the Kenora district of Northern Ontario.
Sample results varied and included values that returned 1.34 Au g/t (#709256), 4.66 Au g/t (#709255) and 14.47 Au g/t (#709258).
"We are making good progress with the Queen Alexandra, and are encouraged with the results achieved up to this point. The sampling confirmed what we thought, that there is gold on the property, so now we have to continue to define the property in terms of its geology and the prospective mineralized zones, by doing more work. We'll look to do more geophysics, possibly some IP surveying of the property, and that will allow us to get a better look at the entire ground from surface and with some depth. After the geophysics, more sampling can be done on a larger scale," stated Edwin Solano, President of Cannon.
Cannon has also begun the process of interviewing candidates to act as the "Qualified Person" (QP), under National Instrument 43 101 (NI 43 101), to assume the management of the next phase of exploration for the Queen Alexandra. The role of the QP will be to guide the next phase of exploration on the property. The QP will be responsible for the accuracy and reporting of all information and direction regarding the property.
The QP designation will ensure that the company and all information released will be compliant with the standards of exploration and development as set by the NI 43 101 program, the industry standard.
About Cannon:
Cannon Exploration is positioning itself to emerge as a quality mineral resource Exploration Company in the North American mining industry, focusing primarily on properties located in preferred mining districts in Canada.
Forward-Looking Statements:
I've got all 10 fingers and 14 toes crossed.