Because ck the SEC filings
ARET is pushing to fund this oil co. merger initiative with a minimum of 2m shares to start. Doing so currently. The 10Q out within days I hope will address this issue.
Avoiding contact with shareholders is inaccurate. Not answering every bs call from all holders is another thing. So many shareholders with minimal shares think any co. should email or contact them all regarding pending info. You either believe in the process of each stock you own or get out and move on. If I was a CEO, and trying to grow a small co., how could I have any time to answer back on all nervous holders wanting something to move the pps. Again, not only SEC info regarding setting up the oil co., but if you did some DD you would see the MM's, naked shorters have doubled their position short term. Why? Because they can near term and are trying to buy up as many shares as possible at cheapest price to cover their short position.
Have you ever questioned why the pps would start to move up and all technicals looking strong and then bam. PPS drops back. MM's and naked shorts playing the spread. This stock is like many others that (and I have tested it with strong bids) have higher bids passed up and lower bids taken. MM bs period. Now, what counters this bs. Stronger volume from new buyers which overrides the bs and the pps continues to rise regardless. Once MM's, naked shorts see this, they must cover and add to the pps increase. Until srength happens from real buying, MM's will play their game.
As I stated before, with pinks, investors must trade the technicals during the pre announc. on strong news. IE-buy @.006, sell @ .021. Buy @ .009, sell @ .024. Until such time as 10Q is out supporting value, or strong news, chart technicals apply. I believe ARET has a strong oppty with this oil co. but it is taking time to sell the 2m shares. Does not mean it isn't happening. No, currently, technicals show strength and a continued pps increase.
It depends on what pps your entry point was. Buying at this low price will only help shareholders positions. Accum, CMF and other tech. indicators are rising and 10Q is out near term.
GLTY, Best Regards Not a buy or sell recommendation.
Checking docs such as SEC filings will show that ARET is proceeding with this merger, and doing so by what I stated above.
