You can bet on it: it could be either NITE are shorting PRMO for themselves or they are shorting it for management in order to grab more cheapies before the promised KABOOM.
You have to remember that (from my point of view) PRMO management are not scam artists in a "lying about released info" way but they are in a "lying about the timing of the released info" way. It's on their will to decide when to release the meat or not or wait until they can accumulate more shares.
The cycle of Prom Resources keeps repeating: RS & Dilution, RS & Dilution, RS & Dilution... and management keep benefiting from this in order to get more shares. The thing is will this last cycle be the one where the expected KABOOM is gonna hit? We'll see but it seems like that.
PRMO is holding pretty strong around the 1:200 RS range which is 0.02. It's showing a solid base between 0.015-0.025 and it's not showing any worrying dilution episodes: the average volume is around 1 milion shares a day and the huge spreads mean there are not a lot of shares in the float.
Let's see if tomorrow we can confirm the reversal started 3 days ago!
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