Post by
guerreiro on Nov 01, 2010 1:13pm
Market maker is holding the stock back.
What is the reason for holding HLO below .40 cents ??? There must be a reason?? Partnership, takeover, merger , or perhaps options for insiders or other, announcement that is related to the trading average price of the day, for approval by TSX-V. Thin daily volumes and zero promotion by management. (management are sleeping at the wheel of a stock that only has 18 Million out).
Indeed they have done a good job on HLO's Website. Does anyone have any idea what is the cause for the hold back.
Comment by
ama21968 on Nov 03, 2010 1:01pm
Reason for that is MMs need to wait those tons of cheap warrents expired (most are finder's ...those are due this month aroud), to keep this turkey's weight. under control.... Any NRs will go through PNP and/ or J.D.M for reviewing before pulling out, as they are major bagholders... making sure everybody is ready....
Comment by
ama21968 on Nov 10, 2010 4:02pm
43,730 Warrants expired and 174,921 Units expired on November 6, 2010. The reportingissuer’s shares trade on the TSX Venture Exchange under the call symbol HLO.