16:46 EST, 3.1.2013, CRGC Delisting=formally announced.It's over!
Final CRGC Hammer price on final daily vol. of 22K shares traded: is shown as $0.35
1.25 multiplier = $0.4375/sh equivalent PGLC, which closed at $0.44
As someone previously projected:
PGLC came down to meet CRGC.
Important market maker lesson/observation for all involved in "how these things work."
At a recent $0.61 PGLC bear rally peak on the 1QResource P/R report,
CRGC (at 8:10) should have achieved and been allowed to trade at or near: $0.488...it NEVER got above $0.39 on the mm bid as I recall.
That is a heavy hand. Said mm skimming should be noted by those new to this game, imho.
Same source who noted delisting at 16:46PM EST, Friday 3.1.2013, also noted conversion CRGC to PGLC shares are slated to be available to CRGC shareholders as of business on Monday, 3.4.2013.
Let's see how that works out.
ORDERS TO batten down the hatches and "dive,dive,dive" command may be the order of the day by PGLC market makers on Monday.
Someone pls "turn out the lights?"
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