"Tri-Valley Corporation (NYSE Amex:TIV) today announced that it has been included on a list of preliminary additions to the Russell Microcap® Index posted by Russell Investments on June 11, 2010 on www.russell.com. These changes are expected to go into effect after the close of trading on Friday, June 25, 2010."
LOL, well I guess that's one benefit of dilution. If you can dilute a stock faster than the share price falls, you can get your market cap high enough to squeeze into the smallest Russell index. Hilarious.
"The expected addition of Tri-Valley to the Russell Microcap Index could benefit our shareholders by increasing awareness of TIV among institutional investors, and the investment community in general, as we execute our strategies to build shareholder value,” said Maston Cunningham, Tri-Valley’s President and CEO."
Why yes, it could benefit TIV's shareholders, short term anyway.
Wait, it might not.
The first time it looked like TIV would make the Russell the dreams of that event propelling TIV's PPS to the moon helped to fuel (along with a lot of hype by organized professional hypesters) what was probably TIV's second largest 'boom then bust' medium term spike.
Any TIV shareholder who played that spike and sold made money.
Any TIV shareholder who held believing the glory days were here at last lost money.
And the shorts got to cover a WHOLE lot of their short position in one day's transactions when the Russell-mandated buyers dumped their shares (at a huge loss) with the TIV specialist arranging the deal.
What was it, a million shares got covered in a blink, without the much-hyped rocket fuel effect of shorts covering? How did that happen, in spite of Lynn & Friends' claims? LOL
I guess the second time TIV got in a Russell index by virtue of dilution and a tanked general market, the pop was smaller, a year later the PPS was lower and the Russell-related funds lost money again because the Russell-related institutions that were forced to buy some TIV stock all took a huge hit when they were finally allowed to sell.
And didn't more shorts get to cover a big chunk of shares at an even lower price than the time before?
With no rocket fuel effect? Lynn? Batted zero, no oil, no gold, no gas, no rocket fuel, no nuttin' but a nice wad of shares and no filing requirements now?
I wouldn't be surprised if some of the Russell Microcap Index-related funds who could be forced to buy TIV stock next week write a letter to Russell asking if they would please keep this dog off the list.
LOL
Play those pops, surely TIV can engineer a few more from time to time with the help of some pump-priming buys and a PR or two.
jmo
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
