Just a couple things I want to throw out there for everyone,
As many have said before this isn't going to hit .1 in couple days we are talking about a long term hold. With it being a long term hold having the float locked up is very beneficial and we should all thank HSA for tallying shares and keeping up with it. With the float locked up any demand with cause a dramatic increase in the price of the stock. Therefore, any news would have a much larger impact on the pps then it would with out the float being locked. So to those asking why people are posting their share counts and why we care this is why. Once the longs have the vast majority we will all have much more control in the stock and will see much higher pps in the future.
During the day I also see people asking about the geo and news etc. Here is an email I received from Karen outlining relative timelines:
Companies do not usually release preliminary information unless they happen to encounter something newsworthy like visible gold mineralization; but that will ultimately be decided by management. The geophysics will lilely take 2 -3 weeks, then we will have to wait for the results which could be a further 2 - 6 weeks, depending on how quickly we get them back.
Karen Willoughby
Investor Relations
866-365-4724
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-----Original Message-----
From: Rizwan Patel [mailto:inventoxxxx@gmail.com]
Sent: Thursday, May 27, 2010 02:28 PM
To: info@cannon-exploration.com
Subject: Cannon Exploration PR May 27th 2010 Questions
Hi, I was wondering if you know how long the geophysics is expected to take? Also, will cannon release preliminary results as the geo is still going on?
Thank you,
Rizwan Patel
Essentially we will see the results and probably the report 3-8 weeks from now and that is where we will probably see the biggest increase in pps. Also, not everyday is going to be a green day so no one should be freaking out if one day we are red especially if it is a small shake or due to low volume bid whacking.
Overall, we are still very strong with and the best is yet to come IMO.
