Irregularity in the trading of Falcon

Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

Reply New Message

Prev Message Back To Forum Threaded View Next Message

moneytrader

Rank: Treasurer [?]

Points: 416 [?]

Votes: 4 Score: 4.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Irregularity in the trading of Falcon

posted on Nov 19, 2012 01:36PM

In case you were wondering what has happened to the share price over the last few days...

Beginning last Thursday, an irregularity in the trading of Falcon Oil and Gas took place.

A number of trades took place that were well below the market price.. even going as low as .11/share... apparently these are trades that no one recognizes as legitimate...and they look to have spooked the market.

Falcon's CEO Philip O'Quigley spoke a little earlier saying "Falcon's attorneys are all over this, and will get to the bottom of it ASAP".

O'Quigley went on to say "there is absolutely NO negative news out there...certainly nothing that I am aware of, and I would know if there was... there is no bad news on Australia and our partner Hess, no bad news on Hungary and their tax ruling, and no bad news on South Africa and their (previous) positive ruling on drilling".