We wanted to release a quick comment with respect to yesterday’s (Monday Dec. 14) price action in Texas Rare Earth Resources (TRER) shares. Over 2.7 million shares changed hands and ~1.8 million changed hands at $0.10/share in one trade, indicating that we are likely seeing a major underwater shareholder looking to take a tax-loss. There are only a handful of investors who hold a sufficient quantity of stock to sell this much. These include SC Fundamental, Highline Capital and a couple of insiders. We suspect that Highline Capital is the culprit given SC Fundamental participated in the recent financing. Highline Capital participated in a $2.50 private placement financing three years ago and started 2015 with 2.5 million shares. We suspect they completely sold their position to take a tax loss. Given they likely have been a seller over the recent months, this sale should eliminate a major overhang on the
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