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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: Hedge Fund Blowup - Selling VIT and Other Juniors

Hedge Fund Blowup - Selling VIT and Other Juniors

posted on Aug 18, 2008 04:30AM

Chad informed me the other day that a hedge fund had blow up and was being forced to sell out a number of juniors including VIT. As of last week, this hedge fund has already sold off 600,000 shares of VIT and is still trying to work off a block trade that they are trying to sell off. No wonder this stock can't find a bid. Once this block sale is complete, it won't be any surprise to see this stock suddenly start to up tick for no apparent reason. Forced selling breeds investment opportunity IMO.

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