Originally posted by Croc-file
EWexplorer from your quote:"Chinese will already talked to Patterson's"
This is why
management needs to listen to what is being said... Are Patterson's and the Chinese arranging a back door take over?
This raise especially the top up facility 7.1A will not be allowed to happen IMO...
The raise at any level below 15 cents will trigger an avalanche of change IMO...Take up as many shares possible. Everyone wants this amazing resource and holders are well versed on the fundamentals of the project...Don't be selling into the Artic winds
VWAP period will define this offer along with other consequences....IMO
Croc
You just don't get better free entertainment than this!
A couple of days ago vermkart posted some screenshots that I think he thought showed manipulation by Patterson's. I was interested to see what they showed and had to scratch my head when it became apparent that over the whole period of a couple of months Patterson's had sold a total of 25,000 shares @0.16 for a consideration of $4,000. That's it? 7 people thought that was insightful and 2 even thought it was a great analysis! For the record, I personally sold 100,000 at 0.16 or 0.165, but have subsequently bought them back. I didn't realize I was part of the conspiracy, but it seems I am. Or maybe ANZ is because that's who I put the trade through.
EW, you made a bit of sense a while back, but now you're claiming "the Chinese" are already talking to Patterson's. I wonder which ones because there are quite a few of them! Maybe you can help me out with that? I wonder if ANZ is also talking to "the Chinese". I certainly enjoy Chinese food, particularly salt and pepper squid, which is also no doubt firm grounds for implying I am talking to "the Chinese".
And you crock, never one to pass up a good conspiracy theory, jump aboard and suggest a "back door takeover". I can't wait to find out how that will work. The way Patterson's works is that it takes on underwriting and placement obligations and then immediately puts them off to its client base and keeps a good portion of the fee. Not a bad business model, but it means that Patterson's tries hard not to take up shares on it's own account. Any selling it does later is usually just selling on the instructions of its clients, which earns it additional brokerage. Again, not a bad business model, but hardly the foundation of a conspiracy or a "back door takeover". I have heard though that there are people at Patterson's who also enjoy Chinese food, so you never know! It may of course be the case that a Chinese investor is a sub-underwriter, but that is a purely commercial matter and if it helps the company raise the funds it needs then well and good.
People, funny as you are, this is rapidly descending into farce... and I honestly don't know how anyone can take you seriously! Pass the soy sauce!
(20min delay)
