When news isn't really news7 Oct 2021 18:05
Can someone please help me understand. I don't post often but I have been in the game since about 2010.
I have heard the story about Petrohunter Shares being disbursed, Nick Mathys shortening his holdings.....bla, bla, bla.
Here are a few facts:
In September the UK processed 225,060,560 shares, the Canadian market(s) processed 51,031,613 shares and the American OTC processed 9,597,024 shares, for a total of 285,689,197, a total of 29.10% of all of the shares outstanding.
Yes, there are day trades, yes there are repositioning's happening for tax matters (or in my case Tax Free matters), but most certainly enough to dispose of Petrohunter and Mathys.
Today's news amounted to a statement of components in the discovery that for all intensive purposes (as stated in the press release) to disclose to the public (you and me) of "insider information". I personally have no idea what that interprets to, but it seems to me that a whole pile of misinformed people, including me, are making decisions on something that they have no clue about.
The science and the math is solid, but a stock is only worth what two people decide upon in the moment. It really doesn't represent a "Fair Market Value" , a "speculative value" or any other value, other then someone is willing to part with so much at a certain price. My number is slightly higher then the rest of you, because my math says so. It will get to that point, once the sellers stop selling and the buyers remain interested........ or we get bought out. Todays news was to satisfy regulators of compliance and that's about it.
Think about it