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Gold/Mining/Energy : AURADO EXPLORATION(AEO) -- Ignore unavailable to you. Want to Upgrade?


To: Jim P who wrote (205)2/19/2000 3:59:00 PM
From: Mike  Read Replies (2) | Respond to of 222
 
I have heard that this stock will blow away the activity that VEN has shown us in the past 2 weeks, however im trying to grapple a few issues with the stock that I cannot piece together.

Here it is: Yorkton, National, CIBC, Canaccord, Nesbit and HSBC have cummulatively purchased over 11,000,000 shares of AEO in the past week. This appears to be very bullish, and clearly there is something big happening as the company has no real tangible assets.

HOWEVER, Jones Gable has sold over 11,000,000 shares themselves this week as well. 11 million shares represents 25% of the company. This means 1 of 2 things. First, they either owne at lease 25% of the company, or they are shorting the stock and the average price of the 11 million sold was 22 cents. I have discredited the second option as it would be complete suicidal in light of the amount of money pooring into this stock. They are the only thing keeping this thing down.

So heres the question. Why would someone who owns at least 25% of the company be selling out like this. Anyone have any ideas what shareholder hold major stakes in the company. It could not possibly be a scam for a principle to get 2.5 million dollars out of the company as the columes are far too large here and if this seller was starting massive rumours to dump 11 million shares he/she would surely go to jail, and it would not be worth it for 2.5 million dollars. So whats the deal????? Any thoughts on this would be much appreciated.

Thankyou

XXXX