The NR sent over from Stockigloo offers a pretty persuasive techinical arguement against the validity of WTG's stated market valuation. It would not surprise me if this is the type of rule violation that Finskey and friends trip over because they do not have much experience working a sophisticated marketplace. This is I guess strike two for the cowboy. Imo, strike 3 is inevitable, the plug is pulled on the merger, CMM blossoms and WTG who cares.

The CMM NR was very interesting. The resolution with the bank regarding supply default was tough to hear but it was fair enough and expected. I think it could have been a lot worse. And that is what makes it interesting. Finskey/CMM could have made it a big liquidity issue but did not. They even added the whole North wall portion...real positive stuff. Imo, Finskey is no longer comfortable with his expected outcome. I think in all probability he is highly levereged and could not risk letting the sp fall much as a result of the bank news. He is vulnerable and knows it.

This has been a tough day and still CMM is recovering nicely from yesterday. I'm expecting to see us pushing 0.35 as the week progresses based on 3 things: the supply agreement settlement; the North wall news and; the WTG rule violations.