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  4. Pershing Resources Company Inc. (PSGR) Message Board

$PSGR Until2017, I think I may have a possibility

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Post# of 1537
Posted On: 03/08/2016 11:43:58 AM
Posted By: Hill411
$PSGR Until2017, I think I may have a possibility why Pershing Resources has been silent and appears to NOT support the stock. I reviewed the financials again. Note that THE ESTATE of Daniel Wright has 25 Million shares (restricted). As long as the share price remains in the toilet, there is no incentive to sell UNLESS THE SHAREPRICE CONTINUES DOWNWARD, but there is a tremendous incentive to buy back the restricted stock. Not certain how long the probate will take (presuming Dan did not set up a trust prior to his death) but once the required time has passed, Corporate Pershing Resources has a tremendous incentive to buy back the shares at a rock bottom price and then start supporting the stock to drive up the price. At $0.03/share (or lower) the cost to Pershing is $750K or less.... If the share price returns to $0.15/share, they have made a pretty damn good return on their investment. The other shareholders will be happy to get even or make a few dollars. NOT saying this is what may be going on BUT it remains a good possibility.


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