GREY:CCTXF - Post by User
Comment by
ctblizzardon Dec 06, 2017 9:46am
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Post# 27099787
RE:RE:Prediction (guess)...
RE:RE:Prediction (guess)...The trading on the way up has seemed odd to me. For instance , two days ago we traded over 400k shares up over 20% on no news. The next day for most of the day we sat with 11k shares traded , virtually no bids and and at the end a 30k share order (cross between one ANON to another ANON) took it down about 5 cents.
On the way up , houses would take positions, then flip for a few pennies back to the house that sold the position to them (or so it seemed). Looks like a laddered up flow with very little retail involvement at all. This is confirmed by the somewhat lack of posts here. Last time we had a run, tons of people showed up.
Sticking to my initial thoughts, in order to overcome the huge amount of stock and warrants coming off lockup Dec 16th, we will need to see some news on the PP closing, the plan or investment to be made etc.
The 7 million shares coming off lock up were purchased at 7.5 cents. The warrants are at 10 cents.
The new PP is at 20 cents with warrants at 35 cents but should be locked up for 4 months.
News should come out in the next 10 days to provide a basis for the buying to support the selling that will take place.