Re: holding us down
in response to
by
posted on
Nov 14, 2011 02:32PM
Edit this title from the Fast Facts Section
" We've got someone throwing shares at 1.05 to keep the SP from rising... "
I have no trouble with anyone throwing shares into the bid. I'll be one of them when the price seems right. At that point I will not care if the price keeps rising. I will have no further interest and wish only the best for the person who was kind enough to want them so I could have my price.
I have trouble with why they would want the price not to rise?? I'm aware that anyone wanting more shares wants them as cheaply as possible. But if you are correct that good news is coming, it will not be possible to keep the price down. The person throwing shares to keep the price down would be throwing his shares away too cheaply. If no news was coming it would be a completely different matter.
I'm not surprised at shares going for this price range. There are a lot of unhappy holders of WTG through CMM. It isn't the CMM properties that brings the uneasiness or distrust. It is the uncertainty of WTG and what they have or do not have. So my take is these are who is selling and they are happy to get the H--- out. There are better places to put your money from their prospective. Whether they are right or not isn't the question. They just feel better.
I'm hoping there is good news although I am not so sure. If today is the day, then we do not have long to wait.