Hi GussiI assume JP Morgan nominees now holds holds around...

Hi Gussi

I assume JP Morgan nominees now holds holds around 70-80% of shares. Basically the theory is that they have been selling it down where possible to avoid possible dilution of the 140 million options. There should be others to step in and buy it though - that is the problem there hasn't been.

410 million PRW shares issued.

The following options have been issued:

1 - 23,650,555 $0.20 31st August 2011
Expired

2 - 51,727,808 $0.25 31st December 2013
Issued to mainly smaller investors. Not likely and the same thing will happen as what is happening to the PRWOB's if it got anywhere close to the strike price.

3 - 5,000,000 $0.08 28 February 2013
4 - 3,500,000 $0.10 28 February 2013
5 - 2,000,000 $0.125 28 February 2013
6 - 74,085,294 floating rate $0.034 28 February 2013
All issued to larger investors.

7 - 141,430,650 $0.05 31st December 2011
Issued as part of a capital raising as a "reward to existing shareholders" to undertake the capital raising - many smaller investors such as myself. Since then, all these other options were issued to larger investors and JP Morgan shareholding went from about 0 to 80%.

Since the last year or so, when the "buybot" began, been seeing all these sells with "667" on the end.

In my view, this has created a really negative sentiment towards this stock - look at the continuing downward trend. JP Morgan will probably pump and dump it some time next year after PRWOB option expiry but what they don't bank on is the negative sentiment that all this has created with existing shareholders and who is going to buy back in at a higher price - look at the poor volume, nickel price, delays, low cash etc. PRW may blame the Euro crisis but it hasn't bounced back when others have.

I could be wrong about all this and I hope so as I've still kept some of my PRWOB just in case.