WEll,,, here's another possible scenario,, The recent land acquisitions were acquired with the issuance of stock vs cash. It's only logical since there is no CASH in the company to speak of! Now,,if this is true, then the newly issued stock would be restricted for at least 1 yr,, thusly it cannot be in the float, unless of course I'm missing something, which is entirely possible.
Another thought related to the sell off today,, is stock that had been bought and not paid for being sold off. This could be specially important in Canada, since we are coming up on month end. I just wish we would get some info!!
Of course,, the final thought,, is what nobody wants to even think,,, that being,, we've all been had big time by insiders!
For the time being,, I will reserve judgement!
Steve |
