Saturday, January 03, 2015 11:36:48 AM
Actually the run was cause by people pumping the NI report to others that all they needed was a NI report to be worth billions.
Statements like...
Most of those people who did not realize that a the company was not doing enough to actually get the resource estimate bought into it.
After the NI report was released and then found to be faulty those same people who were talked into buying slowly had the light dawn on them and exited.
When Scott moved on from a CEO trying to get a resource estimate to a CEO making "deals" with pretend entities and they would never come through even the people who believed in the company exited. Now we have the exact same pump with the exact same statements being made.
I personally believe that the market will not buy into the NI making us worth billions. They will wait and see if they actually have a resource and not just take the word of message board rumor mongers.
IF they have a resource estimate that actually complies with the standard the PPS will react.
If not there will be a small pump spike from buyers who don't know about the rinse repeat and the PPS will drop back.
As you say. Time will tell
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