I don't like to see people lose money, especially in penny stocks. If you look at post 1056 I mentioned just what was released yesterday about the mine. When the press release finally came out in late June about the "agreement being finalized", to me it sounded like they were finished drawing up the agreement but nothing was signed....that is how the press release was worded and that is in fact what happened.
Looks like Sikora was trying to get the share price up at that point by pumping the stock with press releases like this in order to fix a better deal in getting financing. It took me to ask Mark Cohen a few times over a couple of months if in fact TAOL really owned the mine at this point or not......when he responded last month that "I believe they do, but I will have to check back with you on it", it was a red flag for me. That and the fact that financing seems to be pushed off at least another 3-6 months in my opinion. Add to that, that if financing and purchase of the mine is that far off, you got to think that tax selling season is coming up, then the mm manipulation crap that goes along with trading with no news for 3-6 months.......it's just too much to risk in a penny stock like this. Information is critical for sharholders to have trust in a stock like TAOL.
I hope it does work out in the end for anyone that is in the stock at this piont and wants to hold on to see what happens. I just know that i have made money in some pennies and lost money in some pennies. This one does not look like it is going anywhere near what we all had in mind for it just a few short months ago...ie .50cents or maybe even $1.00 per share given the price of gold these days.
In the end, you got to do what your gutt tells you and what the market is telling you even given the mm crap. To me, it's telling you move on!!
prls
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