OTCQX:CNXXF - Post by User
Comment by
Chris2982on Nov 27, 2018 11:13am
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Post# 29027249
RE:RE:RE:Anyone have initial thoughts on the release?
RE:RE:RE:Anyone have initial thoughts on the release?It definitely seems like an over reaction. The problem is that daily volume is so low compared to shares outstanding that if even 1% of holders decided to sell their stock on the open market one day it could tank the share price.
Although another way way to look at it is that if average volume is about 300k/day then that means 99.7% of shareholders decided not to sell their shares that day so 99.7% think that the stock is undervalued