As i mentioned previously, i'm not aware of any former Western Star holders who would be sellers at the current levels. The WS holding represented only 6m of the 9.5m shares that were recently released from Escrow. Clearly, there is a bit of selling about but nothing that looks too substantial. Additionally, it all seems to have been done in a fairly orderly fashion so I'm not at all concerned by this. I remain bullish on the RES story and believe it is still woefully undervalued at the moment. I bought a few more myself at 51c last friday and am more than happy to hold those.
RES Price at posting:
41.6¢ Sentiment: LT Buy Disclosure: Held