Re: May Be Time
in response to
by
posted on
Mar 09, 2014 05:42PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Note: While this is my very first post on Agoracom, I have been following all of you good people on the Tyhee discussion group for years. I am very grateful that you all have provided such useful information on Tyhee over those years.
Now, as it relates to the lawsuit initiated by Mr. Tony Cavanaugh and the law firm of Rigrodsky and Long.
To put this class action lawsuit in context, and to guage its impact, it might be worth looking at Pretium Resources (PVG).
If I have my information correct...
Rigrodsky and Long initiated a class action lawsuit against Pretium related to a dispute between 2 different valuations of the companies resources which caused some heartburn:
- The PVG class action by Rigrodsky and Long was announced on Oct. 31, 2013.
- On Oct. 31, 2013 Pretium stock closed at $3.27 per share.
- Over the next 2 1/2 weeks, Pretium stock dropped from $3.27 to a low of $2.70 on Nov. 21, 2013 ( A 17% drop in the value of Pretium's stock after the announcement of the lawsuit ).
- On Nov. 22nd the stock jumped to a high of $5.80 and then continued up over the next 3 months.
- Pretium closed at $6.58 this last Friday (down 19 cents on the day), a 101% increase in value over the close on the day of the announced lawsuit!
Now, compare that to Tyhee.
- On March 5th, 2014 it was announced that Rigrodsky & Long and Tony Cavanaugh filed suit in the 2nd Judicial District of New Mexico.
- On March 5th, 2014 the price of Tyhee closed at 11 cents on the Vancouver Exchange.
- On March 7th, 2014 Tyhee closed at 10 cents on the Vancouver Exchange ( A 9% drop in value, so far, after the announcement ).
I am not judging the merits of either of the law suits brought by the Rigrodsky and Long firm, I am only providing this information to help us all put this in context.