Re: RE: Stock Price

Precious Metal Exploration

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jdc1

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Re: RE: Stock Price

in response to

RE: Stock Price

Oracle

posted on Jan 14, 2010 09:58AM

It was kindly pointed out to me by a poster on another forum that perhaps the sell-off was due to the warrants over-hanging the stock right now. If DRV stays above 15 cents til the end of this week (which it will) then 20 million 10 cent warrants will be forced. Probably a bunch of folks are selling their 5 cent shares to pay for the 10 cent warrants.

Makes sense to me. A couple more good results and less of a warrant overhang will see the SP finally reflect a more realistic value of the company IMHO.