COMMENTS PLEASE!!! While I was walking my dog early this am, I got a crazy thought...crazy at first, but the more I thought about it, it made 100% sense!
What if the company has secured a few million bucks of cash already...what would I do with that money immediatly?
1. pay of some current obligations...say $1-2M
2. Have money do go balls in on the new income producing mine...say $1-2m (max)
3. and here is the grand kicker....spend another $1-2M and buy back shares at curent prices knowing the mrkt cap will got to 50-75M in short order!!! It would be the best short term investment of all time, retiring 300-400M of the float at the dirt cheap prices knowing the price will skyrocket shortly! and by doing so, would also ensure the new skyrocketed price would be almost double where it would be otherwise! They could then resell a fraction of the shares back into the market at a much higer PPS and have all that cash available again! I now think the 200M of whale trades could very well be the company doing just this!!!!!
am I crazy????
Hit the ask early and often!
TRAZ