Re: My Email to Pinetree... Re Annon selling
in response to
by
posted on
Apr 02, 2008 07:52AM
Pinetree has posted their trades consistantly 9 Days after the trade... we will find out next week.
If they have been the seller that will bring them down just under the 10% insider disclosure requirement and they will have to disclose that as well.
Their action dosn't have any impact on the potential to find a mineralized zone similare to NOT...JMHO
Dave P told me he has no intension to raise any cash at these levels with almost 6 million in the bank..... Thus the selling yesterday has an other explanation..... and the buyers have their own optomistic view of the potential...
Dissapointing is the words Dave used to describe the selling into what is very encouraging results to date.... I have to agree with him.... and such selling pressure will impact PNP's ability to partisipate in future financings if they have shown to have little control of their diareaha problem.
They stiffled the move into the .90's last month but at least they were not as incotenent as yesterday.
JMHO