Playing Devil's Advocate on this issue, Peizer is limited to 10% ownership or roughly 6MM shares. His $10MM at $ 2.58 or so the other day would have netted him about 3.78MM shares. His warrants for Asia connection won't kick in for some time.
He now has 2.22MM shares he can still purchase to get to the 6MM share limit. He also has complete knowledge of when the China deal is coming, what it is worth, basically everything about it. He has deep pockets and knows how to work the market with the best of them.
Why wouldn't he tank the stock in the short term (someone said he was on the bid all day today) so he can buy the 2.22MM shares at way below value and then sell after the China deal and the price runs upward? Why would he care if the current price goes to $1.50 or so since he knows it is only short term and will make him mucho moola down the road? You don't get to where he is on Wall St by being a nice guy (or do you)?
I was hoping the MSA would be our turn around point, then it became the Wells Fargo interview, now is it when Herzog posts her writeup on the interview or when the China deal is announced. Prior to that, unless some big boys jump in (which I am not going to hold my breath on with recent lack of buying by them) what is to keep the relentless downward pressure on the share price from easing?
Make no mistake, I am ecstatic with the progress of developments over the last 6 weeks and feel this investment is more secure than ever but over the next 8 weeks or so I will be on edge wondering if the ramp up is going to occur or if we will be taken to the cleaners one or more times for the big boys to have their field day over the small investor.
My second point regards the Russell 2000. Is XXII being in the Russell Indexes meaning the big institutions in it will trade XXII strictly as the whole market trades since we supposedly fell yesterday and today (?) based on that event or will they reward the good stocks and punish the bad stocks on the Index. If the former, it makes me question the reasons we were so happy to get on the Russell since it would be not much better than a herd mentality which is not to my liking.
Don't take me as being down on the stock, I just feel on edge regarding short term share price over the next 8-12 weeks whereas I thought we were going to see some pretty decent price increases or lack of the bottom falling out since our great news has started to be PR'd.
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