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Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco)
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To: Don Richards who wrote (228)6/2/1999 6:03:00 AM
From: Bill Shugarue  Read Replies (1) of 270
 
Keeping Price Down:::::::::::::::

There is no doubt that they keeping the share
price down so they can do these large block
trades.

Remember, for every buyer there has to be a
seller. The guys selling could have any number
of reasons for selling. They could be willing
to put the stock into the hands of an investor
who wants to take an active role in the company
but don't want to go into the marketplace and try
and buy a large amount of shares because it would be
impossible without causing the price to double overnight.
So they do a deal with an investor who might own a
large number of shares (millions) and purchase this
way.

When the "big" investors are doing their thing, you just
watch from the sidelines. When they are finished, the
price will move higher.

Drilling should be starting in June and then the action
will really start to take place.

THE MARKET CAP OF THIS COMPANY IS ONLY $13 MILLION USD.
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