$PSGR There has been some activity with acquisitio
Post# of 1537
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Posted On: 03/08/2017 10:02:22 AM
$PSGR There has been some activity with acquisition of shares of PSGR. A quick review of PSGR share purchases for the past three months indicates a mild interest in this company. Blocks of 10,000 (or slightly more) shares have been purchased on an intermittent basis. The buy price has remained consistent at very close to or at $0.03/share. Keeping in mind that shareholders are still waiting for the reported Blackridge injection of 'up to $1Million for up to 10% of common shares': Is someone attempting to set a share acquisition price that EITHER (1) benefits the current buyer OR (2) are the buys an attempt to maintain the LOW share price to benefit Blackridge IF OR WHEN it buys the shares?
Number 1 above could be someone trying to second guess the Blackridge purchase price and make a profit once the shares are transferred (remember the reported agreement was for a Blackridge purchase price for the LOWEST SHARE PRICE WITHIN THE 10 DAY WINDOW PRIOR TO ACQUISITION'. Artificially keep the share price at/near the $0.03/share protects the current buyer against a dramatic drop in share price (e.g. to less than #0.01/share), by closing the 10 day window to a share price at/near $0.03/share.
Number 2 above keeps the share price at a set price which benefits Blackridge by NOT allowing the share price to climb back to the $0.15/share that it enjoyed about 2 years ago.
Both possibilities MAY benefit a current investor by providing a cheap price for shares that MAY see a jump in share price if/when Blackridge does commit to the release of funds for share purchase. An investment firm does not invest in a company that has no future for providing a Return on Investment......at least, that is the common understanding of how investment companies stay in business.
Another 'Time Will Tell Moment' within the 20+ years of Pershing Resources history of no return to the common share holder. All investors can do at this time is Wait & See.
Number 1 above could be someone trying to second guess the Blackridge purchase price and make a profit once the shares are transferred (remember the reported agreement was for a Blackridge purchase price for the LOWEST SHARE PRICE WITHIN THE 10 DAY WINDOW PRIOR TO ACQUISITION'. Artificially keep the share price at/near the $0.03/share protects the current buyer against a dramatic drop in share price (e.g. to less than #0.01/share), by closing the 10 day window to a share price at/near $0.03/share.
Number 2 above keeps the share price at a set price which benefits Blackridge by NOT allowing the share price to climb back to the $0.15/share that it enjoyed about 2 years ago.
Both possibilities MAY benefit a current investor by providing a cheap price for shares that MAY see a jump in share price if/when Blackridge does commit to the release of funds for share purchase. An investment firm does not invest in a company that has no future for providing a Return on Investment......at least, that is the common understanding of how investment companies stay in business.
Another 'Time Will Tell Moment' within the 20+ years of Pershing Resources history of no return to the common share holder. All investors can do at this time is Wait & See.
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