It is a good question. Shares continue to sell low, why? Yes no worries not siding with Jeff, the great Cannacord Pretender, but it is a good question. Why do we continue to see so many shares go up for sale everyday at low prices? It is odd and I would much rather see 0 shares up for sale more often.
1.) Not too many who would be selling at .02 cents were able to procure all of them at .015, but clearly some would be doing this. Let's call these people the penny flippers. This is especially evident when you see quarter cent increments. Somebody is continuing to do this, and most likely our favourite Mom's basement dwelling resident, the man child Jeff from Cannacord.
2.) This however cannot account for all the continued volume day after day. Could some one with an abundance of shares continue to sell them at a loss? Even it looks like the sales are coming from different brokerages it does seem highly suspect. BTW GLH is not the only US based POT stock this is happening to as Jeff would lead us all to believe. Most of them at all time lows. This lack of transparency in stock trading isn't helpful to anyone except those covering their tracks. Conclude what you want about motives here, but if there was ever a time to buy the company low, this would be it. Why hasn't that happened yet?
3.) Is it just fed up investors getting their last pennies out? Clearly some of that has also been happening. Not verified, but it seems the volumes alone must total close to over a billion shares trading hands over the last year and half. That's a lot of people getting in, getting frustrated and getting out. Or is it some East Indian/Chineese Triade Gang Algo trading for some other reason? All and all it certainly does seem very robotic.
Wouldn't a completely transparent blockchain trading solution come in handy right now? Imagine a trading system where all transactions are recorded and even profit taking are tracable back to specific wallet addresses. Not anonymous, but very public addresses. All transfers, loans and transactions traceable millions of layers deep. We then might be able to see the the true shell game that is played out behind the scenes. Who's selling and for what reasons?
We all agree GLH has to potential to pay off one day, let's just hope some imbeciles don't engineer it to take all the profits for themselves. That might just end badly for us and them.
Good Luck everybody. Stay alert, stay sarcastic and keep cyber bullying..