Agreed Berkshire Agent- SNET - very oversold and shorted
This should get VERY interesting the next two days as the bids have been there to withstand the shorted and diluted last 4 sessions.
IMO - this is so thin that it came back from the short and began to squeeze by 1230. Even on low volume- were still not even doing 50mil+ ever yet. -- this was able to pull all the way back and had .0018 on the ask at close,
This is very telling, The Price per share last week was avg at .0025-.0034. The short action by BKRT has been disruptive enough to then watch BKRT and VNDM load on the ask. This is also very telling,
This game will end and another market maker will take control. This will need to coincide with the run to .9934 from VNDM today. The company must realize that so many more investors are looking at what they are accomplishing.
We are all very aware that with the Molycorp dry up in Cali- US owned companies are a rarity in REE's now. The real DD of SNET refers back to their PR news wire from back in Aug and then their comments in October. These releases of communication did t reach Ihub as it was not using the Ihub service.
Those who read the news from late July and October on OTC markets--- then look at the NI-43-101 from CommerceResources where it clearly outlines their relationship with SNET and the Eldor Project - claims. Also read the website and the reports of communications between the SNET management and the Quebec government and U.S. Government.
Reading between the lines today- The article from May 2015- was about Canadian companies that are bear or close to mining production for REE in 2015. This Company will be entering phase 3- before any other U.S. Owned company and if they announce that they are headed into negotiations stages for
Phase 3- this will be gapping so hard. We know they will need money - but that can be afforded by a JV or selling some of the claims. They could also continue to deal with the governments for support.
This rallied proving its so thin and clearly trades like a 200-250 mil float. If the company doesn't dilute and the note holder doesn't pollute and they allow this to breathe and trend back to MA50 and MA200 we are testing .0041 early next week or with results from AGT and a significant announcement of any kind.