Replies to post #16582 on US Precious Metals (fka USPR)

[russo123]

actually, i wasn't referring to today's trading but rather a ridiculous statement last week about cdel and "artificial ceiling".

and seeing as how uspr had $1.6 million in converts on it's books last 10q, i gotta think that there will be a ton more conversions now that uspr traded sub penny.

and seeing as how uspr needs more money for lawyers, because they are being sued, more drilling, more director compensation, more blah blah blah... how on earth is their newest ib supposed to raise them this money???

let's say it together. more converts maybe???

oh, and a lot of hedge funds don't do deals with sub penny stocks. not sure what kinda clients uspr's newest ib has, but today's trading will certainly make it more difficult for them.

[manxy]

YOU HAVE GOT TO BE KIDDING! THIS PIG HAS BEEN ARTIFICIALLY HIGH FOR YEARS...NO IT"S FINDING IT"S TRUE LEVEL...ALMOST

[gnolfinvestor]

and once cdel goes back on the bid, it drops again ... so obviously, we agree that converts sales are driving pps down ... but imo, over half of the $1.6 million in converts are converted ... just based on simple calculations .... probably closer to only $600,000 left ...

interesting how there are many many buyers willing to eat these convert sellers' shares ... and once the convert sales are gone, i'm sure there will still be a heavy buying pressure --- with very little selling pressure which should drive pps back to where it belongs