IS GLACIER MEDIA A VALUE-TRAP PUBLIC COMPANY? July 27, 2021
Mr. Orest Smysnuik
Chief Financial Officer
Glacier Media Inc.
Corporate Headquarters
2188 Yukon Street
Vancouver, British Columbia
V5Y 3P1
Hello Mr. Smysnuik,
I will put it bluntly to you : What is going so wrong with GVC stock-market shares?
Respectfully, this public company is an absolute nightmare.
I first became a shareholder in December 2012 at which time i purchased 10,000 shares at $1.76 and sold them at $1.78 in January 2013, given my feeling that I was invested in a mysterious company. Although the stock climbed to a little over $2.00 afterwards my sale, i never chased it. I can't believe what on earth, in the name of God, led the stock to tumble to a pitiful historic low of $0.18 in June 2020?
There is no doubt a hard level of pressure keeping the share price in the gutter, making one wondering if a cheap outcome will happen, for example a takeover offer below $1.00.
As you can witness on the table below, RBC Securities is involved quite heavily today as a cross-trader (both as a buyer and seller). Someone out there is trying to grab these shares at a huge discount. I can't explain what brings so many sellers to exit the company.
Recent Trades July 27, 2021 |
Time ET | Ex | Price | Change | Volume | Buyer | Seller | Markers |
14:26:16 | M | 0.425 | -0.005 | 19 | 2 RBC | 1 Anonymous | |
14:21:22 | U | 0.43 | | 200,000 | 2 RBC | 2 RBC | Z |
14:00:45 | T | 0.43 | | 15,500 | 2 RBC | 2 RBC | K |
14:00:45 | U | 0.43 | | 30,000 | 2 RBC | 2 RBC | K |
14:00:45 | U | 0.43 | | 1,000 | 2 RBC | 2 RBC | K |
14:00:45 | U | 0.43 | | 9,000 | 2 RBC | 2 RBC | K |
14:00:45 | U | 0.43 | | 2,500 | 2 RBC | 2 RBC | K |
14:00:45 | U | 0.43 | | 2,500 | 2 RBC | 2 RBC | K |
14:00:45 | U | 0.43 | | 5,000 | 2 RBC | 2 RBC | K |
14:00:45 | T | 0.43 | | 34,500 | 2 RBC | 2 RBC | KL |
GVC's 52-weeks HIGH-LOW is now sitting at $0.59-$0.18, a real shame after all the restructuring that took place in the last several years.
As Madison Venture Corporation is filling itself with large blocks of shares, i hope that it wont blow the company to a dreadful end for minority shareholders.
Sincerely,
Glacier Media Inc. shareholder