Re: Reportable Holdings
in response to
by
posted on
Dec 28, 2007 09:42AM
(Edit this message through the "fast facts" section)
Excellent point. Since accumulation can almost be ruled out(unless it is some really occupationaly challenged individuals who are doing this to gain a couple of hundred dollars) then the idea of eventually making a buyout offer at the lowest possible price comes up the ladder of probability.
I still have troubles with maintaining the secrecy and the legal/public relations fallout if such became open knowledge and was absolutely related to a major corporation.
The idea has been floated that this is backed by a number of people in Yellowknife with very deep pockets who are doing this to be ready to make a major run once the news is out. That type of thing would avoid the current level of reportability with buying and selling and just seem like "active participants" in a speculative run. Even the slightest of advance notice can lead to millions of profits for major price runs like we have seen in the recent past.
Many of the current holders at .20 would likely jump at the chance of $1.00 as it would make a substantial difference in their lives and just don't have the financial situation to wait things out. This is what happened with KXL. Most of the people who were in at .40 are now long gone while the stock is at 4.65.
I really wonder if the actual truth will ever be determined. Lets hope this is a lively topic for active discussion at the next A.G.M. when the price has achieved a reasonable lofty level after positive diamond counts are received.
Onward and Upward