you are correct doug,
therefore we have one of 2 possible scenarios.
It is difficult to find a ceo (and largest shareowner) of a co. so intent in trying to drive down the share price, at least for now. The chronology of events makes no sense.
We are promised news as soon as the financing is approved.
They come out and say no news for a few more weeks, then add to the uncertainty by dropping the share bombshell.
All with the intent to keep driving the price down, naturally.
Yes it is strategy, they are trying to squeeze every last share they can, favoring for now the hands, which in time, will return the favor. It is all timing, we are at year end tax selling and, by the way, it is called buy low..
Scenario 2.
Probably Giles is looking at the stock chart upside down, thinking it is going up, or he ought to be the greatest moron in history. But I don't believe that's the case.
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