Any reason why they couldn't have done the financing a couple of months back when the stock was over $0.70?

Totally manipulated and this is painful to watch.

I have been in the stock since 2007 and have watched the manipulation time and time again.

The sad truth is that this company will get bought out before any of us longs get to see any true value. The fund will be happy with their 200 - 300% return ($1 - $1.50) and Baosteel has the resource locked up so don't know if they really care about where the price ends up.

For those investing right now, congrats you are buying into a great resource and will earn a decent return on your money over the next 12 - 24 months. Notice that I say, great resource and not necessarily a great company. For us longs who have tried averaging down, we will be lucky to get our full investment back.

I hope I am wrong and we don't get bought out until we are north of $10, but something tells me this won't happen.

Best of luck to all.

Toothot