' ''' ''' '' '' '' ' ' ' '

dimanche 21 mars 2010

ALERT VEI

Hold your breath as i think what i have called the gamble of the year may have another problem or simply shutdown. I tried to get confirmation from people i know in the brokerage business but nobody have seen anything anywhere and as mentionned on some forums any knid of restructuration, rollback or dilution would have been made public as it happenned.

Their website is down and cannot get any answers on phone, links or investor relations. As far as i am aware, the web site was still operating on friday. So something happenned recently.

If that is the case, well game is over BUT i would not sell those shares right now as maybe, just maybe something else is brewing or it could be a computer glitch. Their application Tabrio is still load correctly and installing properly. So if business had been closed, you would not be able to download from their autorized servors.

There were no reports filed with SEDAR regarding any bankruptcy filings, going concerns problem or else.

Will have to wait on early monday to find out more. There was no stock halt either meaning that the company is still in business and could be nothing more than a office move.

All in all it does not seems to be right...but it seems like that for the past 3 months. Expect a new release early monday if is over and if not there is something going on for sure.

One interesting point to mention is the volume of friday where over 400,000 shares moved on the ask side meaning that there were buyers  and even if money involved was minimal, normally when a business goes out, this should have been the opposite where shares would have moved on the bid side. Very curious.

Maybe somebody knows something but in all case, if you bought shares at 0,025 or 0,03 and bought a small qty (as you should have done...it was a gambling) you may not encounter a huge losse even if they were to go totally worthless. At that price, let's see how it will unfold next but definitely not a good time to buy more.

For the moment it is a HOLD    not a sell.

Hang on to it

1 commentaire:

  1. Salut François,
    As-tu appelé la compagnie aujourd'hui? J'apprécierais énormément si tu le faisais!
    Merci,
    Max

    RépondreEffacer