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: SPQ & TD..!!
5
Jul 03, 2010 12:31AM

Retired Rookie - considering your name, ties in with my situation. Retirement is coming soon. I have been holding FWR, SPQ, and KWG for several years until the FWR closure came. I have hoped for a fair market value - I have seen the dedication Neil and others have had in exploring the ROF. Having visited with Neil, I feel that he too wanted many more multiples for all his work and for his shareholders.

After the FWR closure, I bought more SPQ and KWG and watched it carefully and appreciated insights from the boards and thought possibly the SP would increase. I felt saddened that Cliffs set their initial bid for SPQ when our SP was low.

Over the weekend, I had to decide just how much I felt the SP could realistically increase by. I had voted for the merger feeling that was best. Another concern I had was if a CTO could arise or a legal situation and I would be unable to access funds for an extended time. I had decided that if SPQ was trading this morning, it was time for me to withdraw some of my holdings. I was holding over a million shares of SPQ. I use TD and sold over 900,000 shares. Still holding a substantial amount but needed to bring it to a smaller number. I then used TD to purchase some other stocks. This would account for some of the exchanges made through TD.

To my surprise, after having made the trades, I noticed that SPQ was halted.

RC

1
Jul 03, 2010 07:51AM
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