re: Ann: Appendix 3Ys and Breach of Listing R...
If I recall la jolla own about 5% which is probably 6% now....Yes they are in the diver seat and yes they are selling in order to lock in profits and reduce their risk...
They also have the power to place some large buy orders/props on and positive news and pump UXA over 1 or 2 cents and then sell can they not?
If I was la Jolla I would be looking to make as much as possible. Right now they probably are trying to keep the price low in order to get the next shares closer to 3 cents than 4 cents,,,smart
Long term I am happy with this punt,,, What is the shell company of UXA worth? Do they have any tax benefits in the future due to multiple years of losses? They bought GAA wireline for a few million. Are all those assets worthless now? They are fully booked for 2012, surely thats a good sign.
I am not scared, I love it when other fear and sell,,suits me just fine
UXA Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held