Re: Question and Answer from Bullmarketrun.com from today
in response to
by
posted on
Jul 03, 2013 11:50AM
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Kenmoor. I am on your side, just that everyone plays a different way and for different reasons. I used to call the company but that only ever got me in trouble, too missleading, and frankly, many of these people just got caught in their own lies. I am not saying the CEO is lying, and since he hasn't sold any of his 14 Million shares, I guess this says something.
I get my information generally from the results. I buy penny stocks after consolidations when the share structure is much better (in fact, excellent). I have held this stock for a considerable time, I bought just after they rolled this back and got rid of the little investor, this is where the CEO primarily got his 14M, you know, insiders know what is going on and the rest don't, they sell, consolidate (rollback) and pick up cheap stock when everyone is dumping and also participate in all the Private Placements. (how else do you think he got his 14 Million shares). Now the CEO has to be the champion, likely one of the few champions for DBV. But they themselves become blinded by the possibility of the BIG FIND. Understanding that perhaps 1 in 250 companies actually make it to be a producing company, the other 249 just churn and generally make money for investors close to the company who know when Private Placements, rollbacks, and news is coming. Have you ever heard of insider trading, it is a reality in every play.
We are in one of the worst markets for resources I have ever seen (just look at the TSX Venture Exchange over the last year - that tells the tail). The real question is can any stock move up in face of this resource failure market. That is why 25M shares traded and the stock has only moved from $0.08 to $0.11, it ran up to $0.16 on hype and dreams as stock poured out, and traders flipped 100,000 share lots at the click of a button.
Don't get me wrong, I want this to win because I own stock, but the obstactles are significant and a so-so Hole #6 will only create a flurry of buying and selling with everyone again hoping for the next drill program. But this is the same with the 249 stocks that don't make it, so play along, don't hold for the all mighty dream, and most of all, protect your downside when possible.