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Cadiz Inc. Message Board

  • tex7779 tex7779 Dec 14, 2012 8:54 PM Flag

    Very peculiar after hours trading in CDZI

    The largest trade of the whole day occurred at 5:32 PM today, 4,500 shares at 7.57.

    If that was a buyer, why did they not buy during regular trading when the price was lower at times. If that was a seller, he/she realized given the low volume that would cause even further down draft. Looks like a pre-arranged trade to me.

    The biggest trade during regular trading was for 2,300 shares at 12:16 PM.

    Who knows - there may be some institutional investors who have decided to read the 10q's and the recent 8k's and determined that - this company is insolvent - period - end of story. The $ 10 million life line will only come into play - IF - KMI decides to change the pipe line status within the next 3 years. That is a big IF.

    Without that life line - Team Brackpool will have depleted their working capital in the next two weeks.

    Sentiment: Strong Sell

 
CDZI
8.61+0.43(+5.26%)May 27 4:00 PMEDT