MKO 0.00% 7.0¢ metaliko resources limited

how low?, page-14

  1. 1,254 Posts.
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    it has to be the escrowed shares being sold off.
    not alot of other shares have sold off as much as this
    without bad news. there has been enough volume to cover them. it makes me wonder about how much confidence that the holders of these shares have in mko.
    a bad time to buy into a company seems to be during that
    period(1st couple of years) between ipo and release of escrowed shares, it seems that it is normal for new companies to have a bunch of these. the exception to it being a bad time is of course, exceptional performance that drives the sp way up.
    another couple of million this week then another 10 million
    odd at the end of sept. 5c here we come by the looks of it.
    it will be hard to overcome 10 million shares hitting the mkt if these are sold off straight away.
    i am a bit peeved off, i also though 11.5c/12c was pretty much the bottom.
 
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