SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Silver Bull Resources, Inc.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr. Aloha who wrote (477)2/5/2007 4:25:12 PM
From: AuBug  Read Replies (2) of 5637
 
Many questions, here's the first: What do you mean by started freeing up months ago?

"The shares from that placement started freeing up several months ago. There was a big surge in late January/early February, so a large number are freeing up around now, as has been discussed on this board."

A US listed stock subject to Rule 144 is restricted for 1 year. They only reported, in the most terse manner possible, 1 closing. That means all shares in the PP were issued on the closing day.

The guys managing MMG must be real amateurs if they had multiple closings during a period when the stock price was rising rapidly. They should've closed the first one and then done subsequent ones at ever higher prices based on the average close of the trailing 10 days so as to maximize cash to the treasury. The more I see the more likely I think it is that I'll be able to buy MMG under $2.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext