Hope I'm wrong but IMO... This link from an earlier poster seems relevant given the Pattersons report. I believe the ZYL story has mirrored the article rather closely.
Announcements made about potential interest from third parties (but nothing tangible)sparking takeover speculation and stock to hit overbought levels. Pattersons continue to promote the stock (60 cent targets). Stock reaches peak, Pattersons start selling, but also continue to promote as a buy. ZYL continued to promote (roadshows galore) and continue offerings of hope filled announcements (but little tangible). Stock continues to be sold down during promoting. Bad announcements now start to strike fear into sellers, Pattersons drastically reduce their targets from 60 cents to 5 cents within 2 months. People sell the stock down to over-sold levels.... No guesses as to who will be buying back when it hits rock bottom....
The million dollar question, and reason I'm still in... Do they take it for another ride upwards on the manipulation train when it hits rock bottom or do they fleece us out for as low as possible and sell the shell?.
I've held this stock for 2 years since the beginning but continued to accumulate believing the hype, stuck with it now and may aswell ride it out.....was warned when i bought it that this could be dodgy due to it being a shell stock...
HWK Price at posting:
4.3¢ Sentiment: None Disclosure: Held
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