![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, June 09, 2012 12:35:48 AM
That 59M float figure looks great, but how do we know that it is still accurate. The TA is gagged! This is a Major Red Flag! The only reason to gag the TA is because the company does not want the shareholders to know the true # of shares O/S.
IMO that pathetic PR campaign on Thurs was a Pump & Dump created by the company to Increase Volume so management could sell shares. I don't think that mgt. cared that much about the PPS. They wanted liquidity so they could dump shares.
There probably was some panic selling, and some shorting. But I think the vast majority of the bid whacking was company insiders unloading free shares. The dumping probably continued on Friday down to the mid 002's. I wouldn't be surprised if the float was up to 70M to 80M by now.
I'm not bashing the stock, only giving my honest opinion as to what happened this week. I own 900,000 shares at an average price of .0053.
I hope I am wrong, but I am not going to put on my rose colored glasses and pretend that what happened was a good thing for the long term health of the company. Until they ungag the TA and tell us the actual OS count and float, I will remain very suspicious.
Only time will tell, because the TA sure won't!
GLTA and Semper FI
Proline
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM