He is by mtg w/atty to discuss divi/warrant
I agree with you. But, remember, if you were a CEO and trying to solidify agreements with DAK and others on large revenue potential projects, would you be taking the time to massage the small investors who constantly need updates or soothing.
Yes the MM's are playing this stock big time. The small investor who allows the MM's to play with them are not smart traders. Shorts make a living out of playing the fear of the small investor who thinks, "I need to get out before it goes any lower". Short term downtrends should be factored into any trading decisions.
Bottomline I keep addressing is the China project per the DAK website is finalized and the potential per EQBM is +-$19Million a year revenue/divided by 400million shares is .05 a share value; 10 times what it is trading for now. The charts
show a great base. The Red Lake project is online but per CEO the idea of a barge type drilling was terminated due to cost factors. Better to go after gold with hard notch drilling when conditions are acceptable, which is winter. The China deal is the biggee. All Chinese govt. agencies have ok'd the project per environmental statutes and EQBM has stated that a PR announcing the deal is set for 8/2.
The PR stating that EQBM shareholders of record register with the company is a sign of going after the naked shorters. The CEO demanded a gag order to the T/A on O/S etc. Why? To meet with the atty today and decide how to address the naked shorts. Dividend inhancements or warrants will be discussed.
I agree with you that a PR should be announced after CEO meets with the atty today and address directly the decline in pps and additional info on addressing naked shorts.
Best Regards
Opinion, not a buy or sell recommendation
