I have received an email from the CEO as well. It confirms the short selling is the reason for the companies continued stock decline. We already know this since they are listed on the SHO LIST.
They are in the process of speaking with legal auth. and stockbrokers to see which MM are shorting the stock, and what can be done.
He has also comfirmed no common shares have been dumped into the market by insiders or third parties.
They are looking at ways to improve shareholder value short term as they begin the AZ mining process.
If this is all true, the MM must buy back at higher prices if they cannot provide legal certificates at these levels.
guys, I wrote the company and received an IMMEDIATE response. here it is: Reply-to: sclumb@stjamesresource.com (Stephen Lumb) To: Makemyday105@aol.com
Dear Sir,
We are at a loss to understand to the continual decline in or share price.
The decline is possibly due to factors beyond our control. We are very concerned about this gradual decline in shareholder value insofar as our share price is concerned and are at this time considering drastic corporate restructuring to protect our shareholder's interests.
We intend to rectify this matter rapidly and would ask you to appreciate the fact we cannot discuss matters further beyond our Press Releases to shareholders.
Kind Regards
Stephen Lumb.
It's plain to see: One can surmise by today's increase in price, the dividend declaration and confirmation of legal reprise on behalf of the company against unconfirmed market maker manipulation(s), this company is serious about being responsible to their shareholders.
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