re your contention that the placement getters still hold.
The view from the dark side is that these 17million shares along with the grafex ones were sold in the Fall.
True Market Conspiracy theorists even ponder their use for short selling the 90 cent peak.
chart of the recent fall from grace
[a] marks announcement of placement and marks issue placement and grafex chop
some 60million shares at least turned over above 50cents against the 17mil placement and if one takes shorting possibly backed on those in between ann and issue days? volume certainly could cover.
yeah the shorting scenario is a bit far fetched, personally can't get my head around it BUT your BB did say the fall was exacerbated by Hedge Fund [snake] Activity and Hedge Funds are Institutions as per placemernt getters
so might I suggest that placement still being in sophisticated hands could be seen as clutching at straws?
or maybe in the spirit of village idiot 'jokes' that you could be chewing on a straw like a rustic,hillbilly, a ma and pa kettle investor.
regards
TON Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held
