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Re: REDCATCHER post# 36759

Tuesday, 04/05/2011 3:56:06 PM

Tuesday, April 05, 2011 3:56:06 PM

Post# of 91121
They pr'd the ship leaving. Spot price-used to set most contract prices now-is public knowledge. They already pr'd the tonnage of the ship. We know the ballpark contract price and iron ore content and CFR contract basis. All that is left is to do the math.
I'm not a consultant but if I were I would caution against attempts to depress news etc just to buyback cheaper-because there are dangers to doing so or keeping ce once revenues begin.

But there is no proof they are suppressing the news. PR 3-25 and PR today-doesn't sound like suppressing news. Also, not long ago Emily indicated there would be a formal announcement re buyback.

A small amount of buyback has probably occurred but not enough to make a difference yet and it takes time to go through the process of presenting bill of lading and clearing funds-so I doubt they could've done that before today and may not have finished that process.

When you deposit funds w your bank isn't there a waiting period before the funds are available. And doesn't transferring funds to a broker take additional time? Even when I wire it takes a day before funds are available at brokers I use-and I have to call them or they let it sit in the queue.

So any revenues received from this shipment are likely not even cleared yet to use in buying back-though they could use some of their budget to buy back.

I don't know what this has to do w the SEC. You will make your millions. Join the campaign to complain to the SEC about mm manipulation etc if you want to speed up the activity of market forces.