Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: How ironic - Snug
2
Feb 24, 2009 12:18PM

Recall the tightening Credit Markets and the myriad of efforts to control/regulate Hedge Funds following the speculative adventure many of them were involved in over the past several years along with the Big Stock Market Drop in the past 10 months, it is very likely many Hedge Fund Holders have been either forced out of their Hedge Fund Investments and or know they can now, in thses Markets, do a much better job themselves of deploying their Speculative Cash, without the Hedge Fund Fees/Lock In clauses, etc., going forward.

Thus the calls of Hedge Funds being a thing of the past appears to becoming reality for many of them.

And now that the A$$ Management Fund Holders are well aware of the Exceedingly Bad Job their Fund Manager mustered in their attack on Noront Resources, I expect and do hope they (the Fund Holders) are getting out with what ever they can before they lose it all.

Thus, this Exidous from the likes of A$$ Management may account for some, if not much, of the Block Trading on Noront Resources and some other of the RoF explorers in recent weeks along with the lowering SP(s) as others take advantage of the Forced Selling now happening.

Old Joe

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