Re: Looking at the chart...introducing the bullish channel
in response to
by
posted on
Sep 21, 2018 09:42PM
RM2 - I have said a number of times in the past that I believe as much as 30% of the company is owned by potential suitors that hold less than 5% of the company and therefore do not have to disclose their holdings. That's pretty much the float. Of the 80 to 100 shareholders that went to the AGM plus others like you that post on this board that didn't make it to the meeting it pretty much covers all of the outstanding stock. Most of us own the position that we want or can afford to have and are not adding to it in any significant numbers. We are not selling either as we have drank the Freshy and are awaiting the results. If we are selling it is in very small amounts. The market makers job is to create the illusion of a companies shares that actually trade. They are doing that now in small numbers. Because there are so few shares that trade and individuals that are buying or selling, the ones creating the illusion kind of have the ability to move the price wherever they want on very low volume. As soon as we see someone step up and buy a couple of hundred thousand shares the price goes up nicely as we saw a couple of weeks ago. As soon a buying is satisfied the volume and price then both tail off. I'm very curious to see what happens with this tightly held company if they, reach their pre stated goal of 30% RRR, show an increase in eGFR and any increase in cognitive function when they deliver the Top Line results.
The shorts, now decreasing as fast as they are on a decreasing share price is music to my ears. I'm personally not concerned at all about the share price movement in the absence of any reasonable buying.
Its not long now before we fly or die. Hang in there.
All IMO, doydd.
tada