Thanks. I have visited that site before and follow PGW price in NZ. This news was released by PGW in NZ a day before the release by GRO and explains the drop in price for past several trading days. The press release makes it rather insignificant but the extend of it can better be determined by having local news. Even on a larger scale it should not have a significant impact on GRO unless it drives the farmers away from PGW products. I was planning to do heavy accumulation with the price drop but I am now reluctant to move forward until the dust settles.
This is the settlement of a lawsuit that goes back several years and the check are sent to shareholders who owned shares at that time.
I am not selling bob. We are lucky if there is a fund selling and we get to buy it at dirt cheap prices. It doesn't happen that often.
If bob is correct and a mutual fund is selling at the end of the year then there is only one mutual fund with end of fiscal year in October and they hold around 2.5 million shares which is below 5% of total. That is actually very good if it is the case.
Of course you can't be too concerned count da moni since according to your post on September 4 you sold your shares which also happens to be your first post as a new Yahoo finance subscriber. But keep following my posts if you are still concerned and like to uncover "legit" fraud.
It is not as simple as you think. I will report to you once I am back in the field and personally examine and appraise the antique pieces. If I find them to be reproductions I will immediately inform you by posting in capital letters with two asterisks (**) before and after the title. Look for it if you are concerned.
Stupid to buy into an IPO especially a Chinese one. The odds in your favor are about 5%. But CHOP is a different story. It is extremely depressed and has an antiquarian as its CEO. Where else can you find a CEO with such diverse skills?
I am relatively certain (about 95% certainty) that I can easily sell the shares I bought yesterday at over $2.00, but I will depends on the circumstances and trading behavior. I may keep them and sell them over $2.50.
It is not clear. Soon I will be returning to the field and will be reporting to you as the events unfold. I will also personally examine the antiquities to determine their value. Read my posts if you wish to know how it is working out.
No question is ever stupid. It price will either go up or I will end up buying the company. The CEO is still working on his ambush strategy.
It has to go higher and the buyout offer has to be higher given their cash. I sold much of my OIBR to take a tax loss against my gains and then later bought some in the upper $0.50s. If it is going to rise drastically it would be probably in October or November.