Sorry guys, missed the whole day yesterday.
Just reading up to see what I missed. From a trading perspective, 942k shares (≈ $170,000) were traded, of which 648k (≈ $115,000) where traded on TSX.
I have no idea who dumped 500k shares at market - I would have had to be looking at it in real-time..
It could be an inside job... meaning they timed a fluff report, without real numbers, to drive up volume, so that someone can dump 500k shares (or more) before earnings... because they know earnings will be bad.
Or could be someone with free 'Bonus shares' who decided to sell whenever there was volume.
I don't know.
Am VERY suprised that JWCA did not break above .20 at anytime yesterday. With this kind of volume, it should have gone up to .30.
The dump happened in the first 30 minutes, so it never took off, i guess.
Allz I know is amost 1M shares traded and it did not go over .20. Someone out there wants to keep price down or is expecting bad numbers on Friday.