Jake, I hope this is not the case, a pp strategy. This has been going on for months now with our sp, the last pp was cancelled just before this and guys were given their money back. If there was another pp planned, I would hope that the guys that were in on the cancelled one would have been contacted to participate. I dont see this as being a pp strategy because there would probably be too many questions to answer by the company.
So, what it is, I don,t know, but I DO KNOW that is doesn,t make sense and that maybe it should be looked into further. If the company were to get concerned with this unusual behavior of the sp, there are some things they can do, and one of them I linked to in my last post.
As time drags on toward the permits, this is unusual trading, and maybe the company should take a step towards asking questions theirselves of the BCSC.The sp should have been creeping up pennies a day in anticipation of the permits and we should have been sitting at the $2 mark by now. Anyone wanting to sell would not put in icebergs on the ask at a time like this, if they were nervous ,they would just sell. No one would try to short at a time like this, unless they were in the know of something bad, so that leaves out that scenario because again they would sell, and that didn,t happen.
The accumulation excuse doesnt work either, because of different houses trading and their strategies not fully apparant in the trading patterns. As for the trading excuse, who tades for $50 a day?
So, IMO, a lot of things are ruled out and I still have unanswered questions in regards to the sp.