Sonde Resources Corp

Exploration and production of oil and natural gas.

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Message: Manipulations

Manipulations

posted on Feb 13, 2009 10:40AM

What is scary about the drop in SNG's share price and CHQ's share price over the last two days is that someone could be orchestrating the following scenario. If you wanted to gain control of Block 5(C) in Trinidad you (a person, company, consortium, or fund ) could have bought several million SNG shares on the open market thorugh various brokers for around $1.15 Canadian over the last two or three weeks and waited until yesterday when BG went to a Canadian Court to ask for a court appointed Receiver to oversee the flowtesting and that SNG pays its and Challenger's share of the flow testing. Once the press release came out you then start dumping the two or three million shares that you acquired as happened yesterday and drive the price down to 0.51 cents Canadian and then you either start buying the shares back cheap to end up with more of them at the end of the day.......or.... you wait to put in your bid to buy Canadian Superior's 45% of the 5(C) block. The price you pay would be based on the average share price of SNG shares over the last 30 days which by the time the bidding is done the average share price may be 0.70 cents to 0.75 cents. If you offer a 100% premium on that you might get the block for $1.50 Canadian a share hypothetically. OR

You might be a fund company who wants to increase the percentage of SNG shares that you own so you dump one million shares yesterday cheap in the morning starting at $1.05 Canadian downwards at various prices to 0.51 cents Canadian and then when you start a panic you start buying SNG shares back and at the end of the day when the stock market closes you end up with 2 or 3 million cheap shares. SNG traded 4 million shares in the US on FEb 12th didn't it? Today it sold over 2million shares in the US.

Just my opinion. Scott

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