So I get this question about Millrock Resources (MRO.v)...

So I get this question about Millrock Resources (MRO.v)... - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title So I get this question about Millrock Resources (MRO.v)..., We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : So I get this question about Millrock Resources (MRO.v)...
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So I get this question about Millrock Resources (MRO.v)...



And yes, after about 15 seconds on the internetwebpipes indeed turns out that this Nick Hodge is another mining stockpick wealth make-yer-rich guru who plies his knavery on the green and foolish of this world (I'd pay more attention to them all but I can't be arsed these days), he runs something called "The Outsider Club"* and yes, he's pumping Millrock Resources (MRO.v) to his merry band on knownothings and doing this to the stock:


It won't last. It never does. And guess who's selling to the new buyers?

Anyway, to answer JR's question, in this case I'm not 100% sure whether MRO has paid people off recently to promo its cause, but I do know that it went with one of the established patterns of getting your name on the Newsletter Writer (NLW) cribsheets a couple of years ago. That's because when it ran its seed financing round, it didn't just offer the cheap shares with juicy warrants to friends/family/financiers and those people who would form a core of loyal shareholders from the start. Instead MRO went out into the wild woods of Vancouver and offered chunks of its flesh to a whole bunch of NLW, including Casey of course (natch) but also a whole range of others. And without knowing for sure, I'd bet yer man Hodge was on the list.

So cut to a couple of years later and for whatever reason, Hodge decides he needs a liquidity moment to dump either his own shares, or to allow one of the NLWs in cahoots with him to get her or his out. That's when you suddenly get a breathless spiel for the stock, which pops hard on volume and a new set of bagholders are created. Therefore JR, I don't have the certain knowledge and cannot be bothered to find out either (the less time spent in the company of these nefarious merchants of sludge the better, I find) but I'd bet a dollar to a donut the above is significant part of the equation. All legal, but legality and morality are two very different subjects.

*Because ain't it cool that you're an outsider and there's a club specially for you...filled with outsiders...oh lordy shoot me now.


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