1. Let start with the recent management claim: No one party holds more than 5% of GLH. August 2019 Canaccord acquired more than 200 Million shares @6 cents. This means they sold them. They recently acquired another >20M shares
2. since April but even before the seller behind Haywood became active. With the pattern, iceberg orders and being a pure seller no doubt remains that Haywood reperesent a single seller.
3. If we look back from Aug 2019 or even Dec 2019, this seller has sold (including an open sell order of 1M shares) more than any insider holdings.
4. also Canaccord was the house involved actively in pennying this stock. Haywood did the same during the last 2 weeks (sold at 2.25 cents).
All in all, it seems almost certainly now Canaccord is hiding behind Haywood.
as a side note we keep seeing errors and lack of cares in the filed reports. This is very annoying. How hard is it to proof read your reports the same way you fight with your investors and encourage them to sell?
For example here is the OTC report of last month
and this the one reported few days ago
How can the public float increase 76M shares? The net sold shares over the last 2 months is only a fraction of this number. clearly either it is the result of careless reporting as before or the insider activities are not filed as regulations require. Both have been practiced before.