Replies to post #31005 on Freestone Resources Inc. (fka FSNR)

[Dad4487]

Quote
Professional traders and Market Makers deal in real time not based on announcements.

I have to be honest and say, I've never read or heard of that before.
May I ask also, what is the big buzz on the implementation if announcements isn't the factor?

[ponzi_implosion]

At 35,000 shares per day it would take over 76 days to sell off the 2,665,000 shares that FSNR sold outright last fiscal year. It would take an additional 14 trading days to dispose of the 500,000 shares used to pay consultants last year or a total of over 90 days of volume. Figure roughly 240 trading days per year, then take away 120 of those days for the 6 month restriction and you end up with about 120 day left to dump all of those shares. Large holders have to sell off slowly so as to not crash the market.

And all of those share dont include the shares for Aqueous and multiple other discounted shares sales.

Now you know where the vast majority of the pitiful 35k / $5k per day in volume comes from. Lets see what happens when the 2,445,000 shares from the last sale hit the street.

I can hardly wait to see the discounted price and size of the next slug-o-shares sold to keep the managements salaries and expense accounts paid, let alone pay for any quantity of petrozene.