I had to be away this morning on a long hike by a beautiful mountain stream -- really glad and lucky my auto-sell order on PTOTF at 82 cents filled for 7k shares. I still kept 1k shares but had to largely let go of this stock for now.
The reason? I scanned last night the Stockhouse.com message board ("billboard" as they call it) and that Canadian site for v.PAT has some scary info from a couple of posters about millions of $0.15 (CAN) shares and $0.30 warrants becoming eligible tomorrow (March 10) to be unloaded. This stock could dive a lot further under that kind of possible selling pressure.
There may be many holders of those cheap shares and warrants who will hold on for a much higher price before cashing in, but i fear they may be outnumbered by the sellers. Some of today's selling (like mine!) may have been in advance of that worrisome prospect.
Nevertheless, i hung on to a small remnant amount of shares just in case some fantastic news zooms the shareprice.
I'll be back at some point as a buyer-- i really like the story on Patriot One and think they can have a fantastic future.
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