disillusioned

The simple conclusion that I can derive from this savaging is that there just is too many sellers and no one to step up to soak up all the excess stock comming from the ZFX merger.

I just cannot believe the conspiracy of it being shorted so that someone can accumulate...the market has turned over 100s of millions of shares, that is not shorting, thats real selling.

The merger has effectively destroyed this company, and while in the midst of all this, we are now seeing a bursting of the resource bubble.

The supposedly smart value investors are nowhere to be seen, someone with a 7 figure salary running some fancy "value" fund should be standing in the way soaking up a company that has 45 cents in cash and no debt. I just cannot believe that Century, Prominent Hill and the rest are just worth 1.65 per share on today's close.

I have come to the conclusion that if they are not buying at these levels, or if they are selling, they must know something I do not, and since I'm not paid 7 figures, I would say they have made their point clear.

Something must be toxic about this thing for it to fall almost 20% in THIS financial year.

I'm happy to be wrong, since I switched from my shares into 9 month options to conserve my capital, and maintain a similar entry price. But this way I feel alot better that at least in 9 months, if this thing does not get back up to 2.75, I would not have wasted 9 months waiting for it.