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Re: Den post# 4369

Wednesday, 09/16/2015 11:14:13 AM

Wednesday, September 16, 2015 11:14:13 AM

Post# of 50023
as per last sg13g, TAngier owns 8.5% being 11.5M shares.. so A/S should be around 140M
Tangier had convertible notes as per last 10Q as others.

I guess some shares were issued to others as payment of the convertible notes
But still volume is so huge compare to estimated float (let's assume float = A/S)

We could see a sharp reversal as soon as the selling is over...
Obviously... profit taken could impact the recovery so buying close of the bottom is essential...

I am jumping in today for a partial amount... keeping some dry powder if it goest lower...
This is a bet... ready to lose 50% bur reward could be 5-10 times this.

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