Re: its very odd
in response to
by
posted on
Apr 07, 2014 04:52PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Indeed it is there for a reason; to lock the stock price in a trading range for the assigned member. may also be interpreted as stock price manipulation, but legal for an mm to do when they are hired to adjust stock prices, usually at the time just before announcing a PP. This exact maneuver was used on the stock in July 2011 just before the announcement of the PP in Aug 2011. The stock was trading around $2.30 when this tecnique was first employed around july 2011, the tecnique was successful in only bringing the stock price down to ~$2.00, in which a PP was announced shortly after at around $1.80.
The tecnique being employed now, which is considered a manipulation, is holding the stock price under .05. This is controlling the stock price and is conflicting and contradictory to a free market which the Exchange proudly displays that they support and maintain, a laughingly free market. Where is the "free" when a stock price is controlled?
There is always the paper work for the Exchange to know exactly who is maintaining the market in this stock, but do you ever see any reprimands or the stock allowed to function normally, no. So this clearly tells you that the Exchange is allowing this to happen. Also, add in the regulators and the Exchange helping management conceal the azimuth and dip of the drilling program, only to mention one thing of many, again, you have to ask why would the regulators help Lori conceal the important information that investors are not only entitled to, but is required by law? What is so important about the azimuths, that the regulators and management will not disclose this information to us or the public? I believe the answers to my questions, are pretty obvious.