RE:News NorthernTaco,
You make a good point regarding March Break
Yes. Two NanoXplore insiders each purchased a relatively small amount of NanoXplore shares, Mr. Rocco Marinaccio with a relative ottance in comparison to the amount of monies he cashed out by way of his options exercise and vested shares disposition and Pierre-Yves Terrisse with his first purchase of NanoXplore shares at the public market.
With respect to your comment regarding the attempted resetting of the GRA.T share price bottom, I expect you would be referring to the setting of a new interim NanoXplore share price bottom.
You stated "They have disclosed that there is a deal of some kind happening so there shouldn't be any restrictions on insider buys."
NanoXplore management had disclosed potential company news being announced regarding the NanoXplore credit agreement 'soon'.
Since Mr. Rocco Marinaccio and Pierre-Yves Terrisse (insiders) are being allowed to purchase, I'd guess not 'soon' enough eh
By the way, should anything NanoXplore relating be announced by or on behalf of the Federal Canadian Government and it's funded entities, together with NanoXplore representatives of course, I'd expect such "an event" wouldn't be taking place before that Federal Canadian Government mid April spring budget is publicly disseminated.
To reiterate, I suspect any sort of delay in holding such a media event would likely not be due to March Break and be more so having to do with the mid April Canadian Federal Government spring budget being publicly disseminated.
You went on to state "Fairly large bid of about 80 k shares sat on the board a good part of Friday. Wouldn't be a bad time for the last of the short positions to cover. Very likely to get filled on a Friday."
"Watch Trudeau's schedule as well as his Industry Minister schedule. Both Quebecers who would certainly attend a big announcement."
When that hugely supporting bid, I believe at roughly $2.92, was pulled during Friday's trading session, the intraday bottom was made to be re-established.
Relatively low daily traded shares volume and the share price being allowed to collapse, on an intraday basis, indicates that whomever was still selling short at that point simply played a better hand at "massaging the NanoXplore share price downward toward the end of the day.
To your point about Friday's trading session being the most likely session during which a certain fairly large single NanoXplore selling short party would have won his/her bids in covering such a short position, I will say there was certainly a point during Friday when the share price could have been made to gap upward to Friday's share price high once again and then be made to perhaps move past that $3.00 price point, from $2.92 to CAD$2.96 and well upward in one fell swoop.
Alas, we know that certainly didn't happen NorthernTaco.
For this slowly progressing upwardly biased NanoXplore share prce action to this point to be deemed as indicating there is something there there, so to speak, we would need to be treated to some 3x to 4x average daily traded shares volumes being presented at the very beginning of the morning trading session, with an immensely strong NanoXplore share price gapping up for the close that day; and we know that has not yet happened.
That CAD$3.00 share price being breached straight away during Monday morning is the nearer term and quite necessary objective, with the CAD$3.50 and then $4.60 NanoXplore share price points to follow, necessarily accompanied by consistently sustained higher levels of daily traded shares volumes.
Institutions allow their respectively employed minions to go about play their games and banking enough ROI for their personal incentivization bonuses before hand, which seemingly is what has been going on lately.
However, when institutional investments managers give that all clear to accumulate direction to their respective employed minions, I do expect the NanoXplore share price to begin being gapped upward agrressively.
Keep in mind that just one institutional investments manager and his employed minions can facilitate having the NanoXplore share price catapulted upward a dollar at a time, what with all that "directed" purchases flow being derived from each grouping of clients taking their respective GRA.T positions in a tiered and priority serviced fasion throughout the days, weeks and months to come.
It's just a few toughts as to how the groupings of institutional investments managers and their respectively employed minions can, i.e. when necessarily motivated enough to go about doing so, collectively facilitate the rocketing upward of NanoXplore's share price in a sustained longer term fashion.
It's certainly happened before in a concerted fashion and we all know what such concertedly acting institutional investments managers and their respectively employed minions are in fact quite capable of aggressively facilitating, obviously whislt utilizing the amassed individual purchasing power of their respective clients accounts base NorthrernTaco.
I expect we are getting ahead of ourselves though.
After all, there needs to be the kind, quality and quantum of NanoXplore and VoltaXplore press releases conveying for "Mr. Market" several successfully achieved company tangible deliverables. That is when the Dollars worth of gapping up of the NanoXplore share price could be made to happen.