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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Midwesterner who wrote (999)5/6/1999 10:40:00 PM
From: Saracen  Read Replies (2) of 1261
 
I think that Robinson brings up a very good point when he states:

"....the reality is that there is now a real risk of losing the NASDAQ listing, and because we have gone through this before, if we simply try to push the price up over $1 through buying up the stock, the "pros" (i.e. short sellers, traders, etc.) will work against us, and take advantage of the predicament to sell into our buying. This will make it very difficult, and expensive, to try to maintain the listing that way."

To simply try to boost the stock up over $1, for the sake of preserving the listing, would be financial suicide.

Saracen
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