Re: Special Meeting information circular now on SEDAR
in response to
by
posted on
Jan 31, 2021 12:19PM
My sense is that penny stocks, under, say, $2, do tend to be more volatile than stocks which trade, say, in the $20+ range. So if you're used to playing penny stocks, you're probably trading them, cuz most of them never really make it in the long run.
Poet, except for quite rare and relatively short-lived periods of time, was not very volatile for a sub $1 stock. What we've had in the last couple of months is almost unique to this stock, especially in the post Peter C. era.
My sense is also that very few stocks that traded in the sub $1 range ever made it to $20 or more, although there are no doubt examples of those that did. Most hang on for years, but don't go anywhere and eventually fail. However, if they are among the volatile penny stocks, traders can make decent money on them.
My conclusion is that some who are against an R/S, have been those that have traded the stock (gasp!).
Time to abandon the above era, as we look to have a special stock here. With the potential growth of this company, we eventually may have the volatility desired by some, but at a much higher level. It's all about building the market cap, not about assuring some that they can trade tens and sometimes hundreds of thousands of shares for a few cents gain from time to time. Time to grow up, like little Jackie Paper finally did.