Welcome to the Electrovaya Hub on AGORACOM

(Edit this message through the "fast facts" section)

Free
Message: No Big Buyers Yet

Over the last 2-3 weeks, one of the only real consistent buyers has been "anonymous". Unfortunately, one of the most consistent sellers has also been "anonymous". They could be two completely different houses, or they could be the same house trying to create volume under the mask. Their net balance appears to be an overall buying effort.

I think the selling faction of anonymous might be a Bought Deal dump. Someone that participated in the financing last June or slightly after, and is now out of the hold period and has decided to sell. Regular Retail holders don't sell using the anonymous cover. I think the buying faction of anonymous is real. Someone taking advantage of the distribution.

Still waiting to see another big buyer enter and accumulate. Like paradigm did early last spring (600k shs+). Unfortunately, they decided to liquidate in the fall as they felt EFL was not going to achieve the 15 $mil in guidance.

With Litarion now under EFL's control, the potential for news "should" be more frequent.

Share
New Message
Please login to post a reply