GREY:PTQMF - Post by User
Post by
oullinson Feb 13, 2013 11:38pm
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Post# 20985928
Comments on the share price
Comments on the share price One could have expected that the SP would have been moving up at least a bit on the legal ruling. The reason is that we have a big seller hitting the bid. Not sure who it is but I have an idea.
You can look at it 2 ways:
Glass half empty. OMG, they know something they are dumping
Glass half full: There are many reasons somebody sell and many of those reasons have nothing to do with the company itself. One of them is: they need the money! and I think that is the case. Somebody is selling but somebody is also buying. Despite the big seller the stock is maintaining its level and that is good news.
What I can say is I know a lot of people that are now very interested in the stock. Several institution have expressed interest and it will not be too long before we get some analyst coverage. However, I want to make sure that everybody understand that the last item takes time and a lot of work.