Far from it The price of CTP has been downtrending throughout the day and if there was any obvious info leak there would be a price uptick BEFORE the announcement with massive volumes. This is common in speculative shares. However, the info was released at 2 pm EST and the company gave punters time to absorb the news and for the good word to be spread for 2 hours resulting in a massive price rise at close. This is the actual opposite of what you are trying to imply and indicates a surprisingly honest disclosure for a speculative company.
The usual scenario would be a sudden surge in volume from nowhere despite negative or no news 2-3 days before the ACTUAL postive announcement. This did not happen.
I believe JH was as surprised as anybody else but was considerate enough to give his investors and market the time to consider the results IN PLAIN ENGLISH rather than the usual geological nonsensical nomenclature which usually means "I did not find crap". The announcement was clear, released as soon as practicable and given a fair time for all to consider buying back in.
Downramping provides an alternative consideration to any positive scenario in any speculative company but to accuse CTP of insider trading where all it did was halted its trading the minute significant news surfaced is plain ridiculous. If CTP was dishonest others would be buying for 2 hours with news coming out only at 3.50pm or so.
As stated in my disclosure from previous posts, i did take a loss with only a few shares left. I am disheartened that positive news did not come sooner and i bailed too early based on charts. However, i did not lose money to a dishonest company hence my vehement defence of CTP.
CTP Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
