Replies to post #983 on Pershing Gold Corp fka PGLC

[Steuvin]

Makes sense. Here's what might have happened: A third party wanted in without causing a huge rise in price, and without having to pay up. Frost agreed to sell PGLC and turned around and bought CRGC. He came out about 20% ahead because of the arbitrage spread and helped get a sizable investor in.

I don't know that that's what happened but it certainly looks plausible. PGLC fell a bit during the period of the Frost sells and CRGC went up a bit. That would fit in with my speculation.