Desert Lion Energy Inc - Ordinary Shares DSLEF

RE:Sellers

[Red_Deer]

cedarguy wrote: There are seed investors with 20 cent and 50 cent cost base shares.  Their shares have come off restriction these past many months, with the 50 cent shares all free trading now.  Don't confuse technicals with fundamentals.  There are technical reasons for the selling (supply of low cost shares being dumped in the market by profit takers).  When the seed investors at 50 cents bought in during 2016 it was not assumed or even acknowledged that there was a huge stockpile of lithium concentrate worth tens of millions of dollars. 

IMHO the major source of the steady stream of Anonymous shares has always been the few investors in those Private Numbered Ontario Companies which originally owned the lithium properties__with the takeover their illiquid private shares became very liquid__and their costs most certainly were WAY LESS than 20 cents__so of course they would be dumping regardless of price.