You have some good questions. I also want to add my two cents worth.
First, I want to say I sold out yesterday for about a 30% loss. I'm not happy about that but I weighed the options and saw too many things go unanswered. Did I sell too early? Maybe. But here's what lead me to pull the trigger.
After seeing QMNM announce going into production, I fully expected a release about some $$$ figures talking about the sale of the coal. I'm sure they have buyers as they can't just stock pile coal, can they? Since nothing was released, now going on the second week, something just didn't seem to make a whole lot of sense.
Secondly, the stock broke through the bottom and will have to have some some heavy buying pressure to get back up to .014. I'm sure when they do finally get around to releasing the figures that support the sale of the coal, the stock will rebound. And if that happens sometime soon, it will most likely sit around .014 long enough for me to get my position back.
But, if that takes a while to be released, there is nothing now supporting the current price as the chart shows this could easily drop back down to the low sub penny maybe as quickly as it rose up. If that occurs, then in order for me to average down to a reasonable number would put me in a position to stuff way too eggs in one basket.
Finally, and I don't know if this to be true or not, but the mentioning now of the quarterly is going to be late, I have to question... why? Why in the world would a company that has so much to gain not be on the ball and make sure all of the paperwork is taken care of up front. It seems to me that Eugene would have had the paperwork done well in advance except for the final last figures that could be added right before submittal..
As a final note, with all the negative appearances of those saying the sky is falling, I could care less about these people. If a company is going to make a go at it and be successful, the best way to shut these people up is to show up to the plate and knock out a home run. In this case, Eugene let three meat balls go right down the plate without even swinging.
AI
