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Friday, December 16, 2011 10:01:03 AM
According to this web site:
http://www.formds.com/issuers/sierra-gold-corp
SGCP SOLD $279,900 worth of stock on Dec. 14. But that is 279.9 MILLION shares @ .001 and even more at the PPS it's at now. And there are hundreds of millions of shares still out there from sales from the last several weeks.
Are these HELD by the MM's and released, or sold, at their whim? Do they have to sell a fraction of them immediately to cover their costs?
I'm asking because it looked like yesterday was a dilution dump to me, but it still wasn't the kind of volume to cover this dilution that is being posted so I'm a little confused.
Not trying to bash, just trying to learn more.
Congrats to those that get these cheap shares! I wish I hadn't shot all my powder already so I could join you! What a bargin!!
GO SGCP!
Charlie
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