It was an oversubscribed IPO, so I think the brokers did their job. The performance of the stock rests with management imo. As for them selling at a loss, I'm sure they would rather sell at profit like anybody else but when in the last 6 months has there been an opportunity?
A tough day for holders, but one positive is that we finally got the drilling results that they have been promising for 5 months. Let's just hope they keep the drilling results coming in a timely manner and see what happens.
Good luck all!
Ann: Significant Gold Intercepts from Maiden Drilling Program, page-19
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