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Monday, April 12, 2010 2:40:23 PM
Seasoned investors understand that since Dejour is a Canadian issue that more likely than not,we have to churn through more turbulence than most would anticipate
simply as the result of the Industry wide practice of canadian financial institutions to short any canadian company needing to sell equity to fund operations.
Now that Dejour has turned the corner and has become cash flow positive,it no longer needs to raise capital through dilution,and based on its just released reserve report can borrow funds from banks should it decide to drill @ an aggressive pace.
In other words the shorts are running out of time to cover,and the seasoned investors who understand the value of assetts underlying these shares aren't too likely to be selling,but rather buying more @ every downdraft orchestrated by the shorts trying to hold the tide back.
imo
futr
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