Strength at the close

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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bigphos

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Strength at the close

posted on Aug 05, 2008 04:13PM

The troops rallied at the end of the day, and were VERY aggressive buyers, to say the least.I do this for a living(for the past 18 years)

so believe me when I tell you that it was a very encouraging close! Over a half mil shares traded today, and it was quite obvious that the buyers were trying to "scoop it up" as cheaply as possible all day. The net result was that we got rid of some weak shareholders, and had new shareholders,or existing shareholders, more than willing to buy this stock at these ridiculous cheap prices!!

And , most importantly, we closed above $2/share, which means we do not have to re qualify for listing on the AMEX, meaning we might not have to wait another month to get approved for listing.(A close under $2.00 would have set us back at LEAST 30 days,as that is one of the requirements for listing)