Originally posted by blister
Its not so much conspiracy, and i don't think anyone will mind. We have a CN hanging over our heads and they can convert at 90% of 1.6c on thursday. Most are going to sit on the sidelines until those shares hit the market i'd imagine, that way they are in play. They may not convert but it seems unlikely given the news coming down the pipe they'll want every opportunity to cash in. Word on the street is they'll shed about 40% when the do convert, so roughly 24 million shares. Which isn't too bad given that we pushed through 55 million on one day during the cobalt rally.
the theory is they are holding us back to ensure their conversion price. Then the sales ann + the assays will come back and allow thems to offload. the question will be how high will the price be and how much volume will be around to support their exit.
If the results are good and sales are steady, then we won't even feel them as the finally F%&K off. I'd say they'll let it run to +3c, like last time, before they exit.
This ann is a massive step in the right direction... i wouldn't worry to much about the the fanatics not being here yet.... they'll be here soon enough.
Nicely put. Cheers.
