Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

Another investor has meantioned to me that one reason for CNYC not releasing news might be because they are waiting for share restrictions to be lifted from previous financing. I haven't taken the time to look at the filings to see if this is the case, but it seems plausible. Maybe that's who keeps selling through NITE.

For the float to be so small here it's a wonder there are still that many shares being sold. 500,000 shares were sold last May that the company said they didn't know who it was. Now they don't know who or why someone is selling now.

Hard to believe we have been waiting 5 months just for them to release the assay results.

FWIW - I believe we will find out that the insider that appeared to be selling shares was actually buying them.

I'm still hanging on and waiting for them to work through Phase I of their Exploration Program and onto Phase II. Progress is what I want to see!