Mac3, including the forth coming 500k from 5 mil @ 10c, TONs cash on hand will be sub 1.2 mil, which won't go far, geos and admin don't come cheap, no matter what country you're in. It would be foolish to commit to any form of campaign whilst running on fumes.
As I've said previously, any listed Co. with less than $2.5 mil cash on hand is a cap in hand coming your way.
Jaded, I'd doubt Mr Jenks is palying games with SP, I could be wrong, but generally I find its fundies/instos lurking in the shadows that play this caper. They do it all the time, low ball a stock coming up for CR, take up some placement as a "sophisticated?/insto investor" then unload for a 20%-30% pop. They really don't give 2 hoots about the stock, its just a cow to be milked around CR time.
The action over the last few weeks indicated TON was being played to this tune, +40% traded for no net gain, pump n dumps, sold on the news etc. these are all tells of whats to come.
If anything I'd guess Mr Jenks would be accumulating to gain ground in his %'s and will take up his share of placements plus some, he seems determined that way. There are other forces at play beyond Mr Jenks, we saw that last week on the day 16 mil shares were traded.
For now, TON is jockeying itself into position on the rights of the land, then they will move to strike blows which will require funds more substantial that what they currently hold.
TON Price at posting:
7.9¢ Sentiment: Hold Disclosure: Not Held
