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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: Reasoned discussion - thank you - NN Insider Trading
20
Apr 24, 2010 04:17PM

I can't see anything wrong with the transaction (you will have to flick back for the details), and I am getting impatient with the ongoing attacks on management's integrity. They are entitled to manage their personal financial affairs in an intelligent manner, subject to mandated disclosures (which have been provided).

In this particular case, the warrants may or may not have been close to their expire date, but they were obviously exercise-able and in the money. They were exercised @ $0.05 for 833,333 shares, costing $41,666.65. Subsequently, a total of 251,000 shares were sold at prices from $0.095 to$0.135, and $0.140, for a total of $30,135, (short $11531.65 from the initial $41,666.65). That leaves 582,333 shares worth $81,526.62 at current $0.14. Would it be reasonable to assume that the money was needed to cover short term financing? I make it a practice to take money off the table when possible, pay off margins, and let the rest run; I am sure I have a lot of company.

I hope this is accepted here as reasonable discussion.......Deke

2
Apr 24, 2010 08:05PM
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Apr 25, 2010 08:24AM
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rj
Apr 25, 2010 10:34AM
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