I had hoped to be able to graph the below information with volumes but my knowledge of how to do the copy and paste onto the blog just isn’t enough. Hopefully you’ll get the picture.
|
|
CMM
|
WTH
|
Combined
|
Post Business
|
CMM S.P.
|
|
|
Closing SP
|
Closing SP
|
Capitalization
|
Combination
|
Equivalent
|
|
March 18th
|
$0.54
|
$3.70
|
$644,162,037
|
$2.13
|
$0.85
|
|
|
|
|
|
|
|
|
March 17th
|
$0.52
|
$3.65
|
$630,281,258
|
$2.08
|
$0.83
|
|
|
|
|
|
|
|
|
March 16th
|
$0.56
|
$3.70
|
$652,311,306
|
$2.15
|
$0.86
|
|
|
|
|
|
|
|
|
March 15th
|
$0.61
|
$3.53
|
$653,197,343
|
$2.16
|
$0.86
|
|
|
|
|
|
|
|
|
March 14th
|
$0.67
|
$3.25
|
$645,548,691
|
$2.13
|
$0.85
|
|
|
|
|
|
|
|
|
March 11th
|
$0.58
|
$4.55
|
$757,896,254
|
$2.50
|
$1.00
|
|
|
|
|
|
|
|
|
CMM
|
407,463,445
|
Undiluted
|
|
|
|
|
WTG
|
114,630,210
|
188,384,739
|
303,014,949
|
|
|
|
CMM
|
470,961,847
|
Fully diluted
|
|
|
|
I also don’t have access to level 2, or maybe I just don’t know where to look, and I have not kept a record of WTG daily volumes traded. Fortunately Tectol provided the CMM volumes and prices and I kept some notes on WTG closing prices. What I do recall is that a few thousand or even a few hundred WTG shares bought or sold moves the price $0.30 cents or so, that’s $34 million on or off the WTG capitalization!! It seems to me that our generous “ Black Night” has in place friends on both sides of the fence who are selling and buying CMM stock and likewise WTG stock to keep the effective CMM SP, post business combination, at around $0.85. If I recall correctly a member earlier this week mentioned $0.85 in relation to some off the record information he had been given. Besides the obvious pattern, what I find somewhat comic, is I’m convinced I’m missing something. Back to Rubik.
