we agree..and good luck..those with low cost bases can do whatever they want..I put a friend into this at three bucks, refused to sell at eight plus,now he wants to buy more,guys like him I worry for.(those that read chat lines and follow minus the DD)..
The newsletter guys make claims here publicly, but they won't defend them publicly. They tell you to subscribe to their paid newsletter.
Sheldon Inwentash (Pinetree) may have ulterior motives for making small purchases to support the price of a thinly traded stock. He gets 10% of the increase in value of Pinetree each year and Pinetree owns shares in Sphere.
Pinetree Capital, an investment fund with a portfolio worth $794 million, paid its CEO Sheldon Inwentash $34.6 million in 2010. By comparison, the CEO of BlackRock, Larry Fink, made $23 million last year, making him the highest paid Wall Street CEO in 2010. Pinetree Capital is tiny compared to BlackRock...
...Before 2010, he was entitled to 10% of the company’s “realized per-tax profit,” according to the Financial Post. Now he gets 10% of the firm's growth...
...Usually asset managers take around 20% of the firm's profits. The way Inwentash's new structure works, it's as if new asset growth is counted as profit.
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