Posted On: 09/24/2015 10:35:41 PM
Post# of 11039
I don't see JJ as a basher per se honestly. He has indicated on more than one occasion now for us NOT to buy more. If you believe he has some sort of information or at least good intentions, it might mean a lot of things that perhaps are happening behind closed doors. Buying might be helping shorts if by doing so it changes the settlement process IMHO where even though they haven't covered they would have more time or not be required to do so? It might be something else I'm not seeing. He could be right. I personally won't be buying more but without some explanation its impossible to know whether we are helping or hurting. Of course, everyone can make their own assumptions. A side deal could be in place with shorts where they settle if they can cover at a certain price (the company might be selling some shares at these levels to shorts?). We've seen someone has been trying to hold it around this level and shares are still being sold. The 3.2b shares if true could mean something big might was in the works? Everything I just posted is basically meaningless but just pointing out, things are usually not as straightforward as they seem.
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PLEASE READ IF YOU READ MY POSTS
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
