Gear Energy Ltd T.GXE

19k shares traded in 3 hrs

[lovehockey]

The stock is at the stalemate. Nobody is going to touch it because everyone knows it is washtraded. Time to file for NCIB.

[lovehockey]

Gee, 205k shares traded. Include that with the claim that Notthatbright sold his you can understand that this volume is completely dead. There are no serious buyers nor sellers on bid and ask sides. Longs hold on to their shares and investors don't take chances with this stock.  Without buyback the stock will not come back to life - that is the reality. Dump the base dividend, bring

[YesSetForLife]

Anyone shorting at this level is a pure idiot!! That guy "notthatbright" is a huge moron There's like 6 million shorts who will buy back   GXE will move up 25% 35% on a short squeeze 

[petrolia1]

agreed,if the value of their reserves report is accurate buying back shares  makes the most sense.

[Maxmoe]

You may be on to something hockeyguy, but I doubt the stock will be around for much longer before it gets snapped up. I don't think that 6 million shares is from a short only trade either. It's paired against debt or another security is my assumption. Just like the Ath short isn't "real" either. From the calibre of the posts from the FUD spreaders here at Gxe, we aren't

[Roscoe747]

Astute, Maxmoe. Since GXE began the Strategic Initiative, the stock price has faltered significantly but the fundamental metrics have not. This play is either in support of a potential purchaser or to capitalise on a successful completion of a new business arrangement. What shareholders need to understand is that a Strategic Initiative is merely a process of defining an entity's options and

[Reachme]

Good post!! Gear Energy is still an attractive Cash Generating Unit. As part of a larger entity it can generate certain efficiencies but as a stand alone or with a business arrangement that allows it to grow, Gear is still very profitable.