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Possible Share Price Sale Pending?

I know I could be totally wrong on this one, but I just read a press release from a company I hold shares in because of their huge Molybdenum deposit which has yet to be mined, namely Mosquito Consolidated Gold Mines (MSQ), wherein it says that a legal action has been taken by a share holder (former board member) to try and overturn a vote of the members.

Reading this press release tells me that it could bring bad news to jumpy share holders and make them start selling off their shares ... if they do that, as far as I know, and again, I am just a rookie, this could lead to dropping share prices, which to someone like me, a small time investor, that could be good news in that I can start buying more shares at a discount!

UPDATE: Jan 11, 2013
At the original date of this post, (March 26, 2012) the shares were at a price of $0.40/share. Over the next six months, due to the uncertainty of legal action between the board members and former board members, the price of the shares dropped drastically to a low of $0.17/share. Just as I had predicted (got lucky I guess) and now, four months after the low of $0.17/share in September, the company has since stabilized, a new Board of Directors has been elected, a new executive appointed, the focus of the company has been sharpened to the huge CUMO Molybdenum deposit, and the company's name changed from Mosquito Consolidated Gold Mines Limited (MSQ) to American CUMO Mining Company (MLY) in order to give it a new face and reputation.

These changes all appear to have been beneficial to the company, and to the share-holders, because, since these changes were made, the share price has begun to rise again. Currently, as of the date of this update, (Jan 11, 2013) the share price of the American CUMO Mining Company (MLY) is recovering from the low of $0.17/share to $0.30/share. That's a $0.13/share increase since the take-over!

It's my opinion, as a total Rookie Canadian Investor, and a biased share-holder, that great things are yet to come!

You can monitor the current and past share prices of the American CUMO Mining Company (MLY) at http://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=MLY-X

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