Announcement coming?, page-10

longt

""Looks like a forced seller to me. Market down 120 pts. Maybe they've had a margin call and need to raise cash ASAP""

I would suggest you are 100% on the money.

For those that were watching the screen I placed an order for another 300,000 shares at 7c just before the 4.10 close. Ended up getting them for 6.9c.
I didn't need any more given I have enough stock already but at that price I couldn't resist.
Sometimes when an opportunity presents itself you just have to go with it.
Unfortunately those that play the market sometimes get themselves in situations that they shouldn't.
The person who dumped stock today is one casualty from what I can gather. They had the opportunity to sell the other day when over 50 million were done at much higher prices.
Instead they choose to do it when the market is getting trashed and people are not as easily willing to part with their money.. So they settled for what they could get. STUPID comes to mind.

Timing is everything and today they got their timing very very wrong.


Cheers.