Atna Resources Ltd. (fka ATNAQ)

[brandemarcus]

That director was a closed end fund manager of something called pinetree, pnp which holds a lot of jr mining stocks -they probably dumped quite a lot of uweff in the last few days. Pinetree trades at 66% to nav but a lot of those positions are very hard to get out of - see what happens if you needed to sell uweff in the last few days. There are rumors that the fund is in trouble and it's debt sells at a considerable discount.
The company itself uweff has little debt but constantly dilutes to pay out the salaries to the directors etc who may be worth it- but nobody is worth anything in this sector. Probably have to figure shares out will go from 250 million to 350 million to keep the "lights" on. The company says nothing fundamental has changed - however these outside liquidity events should have been expected. Luckily I post this where almost nobody is reading it.
Problem with pnp is 55 % of it's assets are in "technology". Nav was at one time in 2008- around 11. Then hit as high as 4 in to 2011. Now at 66 cents with the stock at 18 cents. Imagine how bad you would have done in this sector without such" top notch management" from 2008. You should be thankful that you kept your gse pfds. I will buy on the way down -perhaps I will get some soon below 2 cents or less than 7 million in market cap.
Perhaps it's better to be in pot than potash or natural resources as we all know deflation and productivity will continue forever. The last few days should have taught me a lesson that I am too stubborn to learn.

Note ikn blog has a gloating post about sheldon etc.