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All I asked was if it was an increase in Greywolf's position. That was answered, ty. I just wonder if they are trying to lighten the load or if they are buying more? I would think they they would be in the "know" or at least get to talk to Tina or Fung regularly. We are just a lawsuit worth .13...let's go forward.
? for the board, I see that Greywolf (out of the beautiful Grand Cayman Islands) filed and it shows they own 37m/...above the 9.9%. Is this an increase?
I thought we would have had a dead cat bounce by now. (no offence G)
fado
In Oklahoma, so I watched the market. I have noticed a few things on Kry during the last few months. First of all, the selling wasn't unexpected during Dec., for tax loss, and Jan. because nothing starts up in Vez until after Jan 15 anyway. Now we have the Chinese New Year coming in a few days and so the first of Feb doesn't look good. Kry had the 3rd highest volume in the last 6 months today hitting/breaking the 52 week low. The funds tried to support the stock all day but the bid was getting hit pretty hard. As far as the charts it's a 100% sell on short, medium and long term. The next stop is 21 cents. The interesting thing is that GRZ is just short of a 52 week high with a lot of support around the 1.60 level. It's probably just a few good volume days from hitting a new 52 week high. Now why would anyone put money into that company when all they have is a law suit also, just further along?
Enough of the technical, lets talk about what we do have. We have a law suit company with a slim chance of something else. I say this because the only hope of anything other than a law suit is with the cooperation of Venezuela... and we have seen in the past that there is none.
I think KRY will drift lower because we are a news driven stock and until there is news, this will continue down.
With a bounce to 40 cents with the filing.
Well I just bought another 40k shares and so my price on one account is down to 1.60. I say that because everything else I write will be taken with that information. I'm not a good investor having bought the Superbowl winner of loser stocks. I have watched this stock since 2000 and so I have a history of disappointment.
I listened to GRZ cc and though I am not an owner I did pick up on the same info that others have reported on. This is what I believe will happen.
1. Nothing for a least 7 weeks. Vez takes the holidays off.
2. Grz will be called back by the Vennies to talk. It's funny the Doug said thier tone had changed...I guess a lawsuit can do that, because nothing else seems to matter to them.
3. China will push for some kind of positive outcome but if the Vennies don't want to or are not motivated to proceed, nothing will happen.
4. Kry will file for arbitration/or at least it will go down to the wire. If we do, I think we get a slight pop, because then and only then the clock is ticking.
5. Before I collect SS there will be a mine built in LC. (I'm 55)
Just one more thing. I would like to thank all the posters on this board. I have valued thier imput and hard work.
fado