D, my conclusions are based on the following:
1. Charts/grahphs/reports of massive trading volume of mm that do not have retail operations. In other words, they trade for their own accounts and are the only ones that can short. Rational conclusion is they're shorting based on trend of pps with positive company news (the pps wouldn't be where it is if they were buyers)
2. Conversations with many key shareholders/insiders; they're all holding along w other shareholders they/I know. I know them to be accurate and truthful plus I personally know of many many millions of shares purchased the past several months. Plus, 80%+ of shares are closely held which should help stabilize pps....hasn't...wow...???
3. Interview w former penny stock trader who "enlightened" me on the "game" that's being played here. Pinks are not a friendly exchange....naked shorting; phony shares all part of the game at play. Go find a "former" penny trader and have a conversation w him/her. Off shore hedge funds and back room boiler rooms are real.
4. Research of other "manipulated" companies who have tried to fight this scheme. One example: check out overstock.com and the ceo and what he's trying to do. Even the SEC admits its a problem. In coming SEC chairwoman stated in a speech she believes for every real share there could be 2-3 phony shares trading.... yikes. There are many individuals who have written books and are ver proactive in trying to get the "game" terminated... I can post several names.
5. Positive company developments w mill start up approaching soon; what long investor, who "supposedly" bought in the past would sell now at a loss so close to the beginning (other than for tax purposes)? I believe the selling is illegal (and some legal) shorts and many of these shares are naked and / or phony. If you own shares do you absolutely know they are in your account? You'd be surprised what goes on out there. I had no idea until I did some research....
6. Valuation; current market cap of $30m+ on a company that could have close to a billion+ in assets?? Hey, I know the markets stink right now and especially mining stocks...but.
7. And yes, my opinion too. I'm not trying to explain away the pps decrease but only to discuss on the board a real possibility of a possible scenerio.
Right or wrong, the company still needs to deliver in order to increase the pps. That, all longs can agree on... IMO, I believe they will.
jtf
AI
