Re: Market Activity
in response to
by
posted on
May 12, 2015 01:34PM
Paramagnetic Beads and QL Analyser are Proprietary Products
Hopefully you are correct in the uptrend.
The 40 million shares traded in 2015 is a mystery with only 80 to 85 million float, and especially since most are owned by insiders. The only logical explanation is (i) that some investors sold when it was tanking and re-bought now at lower levels, (ii) day traders making 0.005/ shares .. (iii) short selling (however looking at the OTC Short selling lst http://www.otcmarkets.com/stock/CGNH/short-sales there are only 19 K share short as of March 13. (iv) naked shares not reported (ie. overseas as is suggested by others)
I asked this very question about the so called "Naked Shorts" on my last visit and the response I got was that the OTC is not regulated like NYSE, NASDAQ or even TSX, and they could not deny or acknowledge such existance. They are also considerring de-listing from OTC and re-list in TSX. They tried to co-list in Poland as condition for some financing last year, but when they could not, the investors backed-out. I sense the Arab investors have the same concerns. Whatdo you think Supercardio ? maybe TSX is a good idea..