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Message: "Whopper Offer"

"Whopper Offer"

posted on Aug 01, 2008 09:23AM

It appears a whopper offer of 58,500 shares has been placed to sell Probe's shares at .60.

Jim Puplava and Eric King from financialsense.com have stated that these types of offerings do not represent a smart way to sell stock but do have an intenton: to scare people into selling or to have them refrain from buying. Both have stated that in some cases certain interests really don't want to sell at all with the large offer being cancelled later or if they start to lose stock, in this case at .60 possibly, the balance of the order quickly gets cancelled.

In the view of a news release making its way to market on Tuesday of next week, it looks like an interest or group wants to pick up some shares cheaply or to lighten their naked short load in the event of a spectacular release(let's hope so) while they still have time.

Such is the way of markets today.



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