RMX 0.00% 0.1¢ red mountain mining limited

Seriously are your eyes painted on lol, starting to think so....

  1. 34,916 Posts.
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    Seriously are your eyes painted on

    lol, starting to think so. Just to once again state factually for the benefit of cal, MDO could not have sold their shares at the highs of 3s because their shares were still in escrow. The whole purpose of the pump was to create volume that MDO could then sell into once they did come out of escrow (which they gave special exception to short-date escrow period in timing with the share price rise). In the end they sold 50mill+ shares at around 1.5c or so, when not too long before the shares were trading at .3c with very little volume to speak of. Great outcome for MDO, great outcome for RMX to raise money and issue 3 times more shares than they said they would. Poor outcome for shareholders as the share price now drifts lower on the back of huge overhang of newly issued shares and complete loss of trust in management.
    Last edited by makattack: 07/08/14
 
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