Carlo, Great call! I think you might be on to something. I was recalling that, years ago, when I was introduced to Naxos from some other shareholders, the stock price was only in the .25 to .30 range and at the time Mr. David Baines was starting to show up with the disparaging stories, comments and articles. If the short positions were being taken in Canada at the time, they would have been in that price range, which we have never returned to. At this point in time, they are so close to covering they can taste it, but the slide in price seems to have been hung up at the .40 to .50 range. The article may have been put in place as an extra nudge to push it down to let those remaining shorts cover. Oh, excuse me, those noble and honored traders who plan on the financial disaster of others, as Mr. Metals spins it. This may or may not be associated with rumors of impending news, good or bad, since we all know that good news would indeed drive the price through the floor, and bad news would create a nice jump ;) But it would be consistant with previous Canadian activities if there were rumors of GOOD numbers coming.
In any case, I think you hit it on the head. With no news for so long, and many already calling the story over, this certainly was old news, so motivations tell the real story! As the old latin saying goes when examining questionable activities, "who benefits?"
Tom F. |
