RE:Any Astute Investors to TNX have further insight? There has been a constant flow of 60-80 thousand share blocks showing up on the ask or the bid between 50 and 53 cents. And then again at 60 cents. The last time it was at 60 cents, a MM had 103K shares on the ask. Yesterday I saw a MM yesterday showing 61K at 60 cents. There are days when the MM's really yank this stock around. It is presently trading at long term support level and will not be good if it fails. If you look at the chart, you will see a lot of long candlesticks. 99.9% of the time trading on the American Exchange is moving the price.
The company has had issues in the past, some due to management and some due to poor market conditions. There is a large number of past shareholders from 5-10 years ago who are still bashing the company and refuse to acknowledge the progress being made. There is a private newsletter writer (Clive Maund) who has promoted the stock in the past. His trading alerts to buy in the company gets posted and do move the stock price, but we never hear his about sell alerts! Havent heard much from him since Sept of last year.
GLTY
I do not believe Jim S. would consider a buyout unless it was done with physical gold as payment. While he may not hold many shares, he does have a substantial personal investment in the company.