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Re: Veblen post# 76381

Monday, 10/17/2016 1:20:56 PM

Monday, October 17, 2016 1:20:56 PM

Post# of 80983
Veblen, let's quit wasting time on this patently ridiculous concept. Just about every year for the past decade has had retail stockholders staring at bleak unrealized losses in this joke of a stock. The idea that there is material "tax loss selling" now, or prior to year end is unsubstantiated and illogical, and merely a figment of a imagination or a poor excuse for our continued freefal, whichever I care not. Nothing is special about this year. In fact, general herd mentality seems to be in lockstep that Auryn will rescue us from the abyss, production is around the corner, bonanza grades abound, and we have a world class deposit that folks on the International Space Station gaze down upon with awe. A tax loss sale followed by a half-cent bump up on some kind of pump would be devastating to those (who, remember, don't exist) availing of such strategy. In other words, that person would see their 90+% loss then bumped up by 50% more loss upon buyback. "Less shares for more money" if you will.

Given the float we would have to see hundreds of millions of shares moved for this fantasy to play out between now and 12/31, and trust me, we won't see that.

A relevant discussion would be to follow up on ExBlock's analysis as to our new, pathetic floor of support. I admit, I've been skeptical of charting with respect to a manipulated pig like Medinah, but have to concede ExB has been correct on some of his calls.