RE: RE: free fall Apropos ... I don't recall ever saying that I thought the stock was going to zero. I don't think it is myself. Why would you mention anything about it possibly going to zero ?? Do you know something we don't ?? The following is your post Apropos ....
MESSAGE POSTED by
" If the stock is going to zero and the company has lost all credibility highrider why would you want to be in at any price ? Pretty thin trading that has reduced the price to date, although it certainly has come down. So have all the other juniors though. Still seems to be the majority of stock is being held tightly. Pretty good indication shareholders see the value in a longer hold. We have some prime real estate and the search for more gold is still on. Good luck to you if you do buy in. "
What I am saying is the fundamentals have broken down . They broke down through their holding level and therefore you cannot tell where the bottom is anymore. This means it could fall much lower still ( I am not saying it will but it can ) as there is no bottom formed yet. Also it doesn't look like they have hired any promoting outfit for the stock. I have followed it over the years and have bought and sold accordingly but it has never traded any really big volume or had any big push. This tells me a couple of things ... The insiders still own a bunch of shares which means one day they will move it so as to be able to dump some of their shares. Secondly it could fall down into the single digits first because it could be years yet before they do this. They could be waiting for the world stock markets to stabilize first before trying to move it up and do a financing etc. ( who knows ) and if so then it could be 5 to 10 years before this happens . ( people get tired of holding onto stocks that don't move and start selling after awhile just to get rid of them thus forcing the share price lower and lower . ) The world economies are in really bad shape right now. This is why I put really low ball bids in on a lot of stocks. Odds are most will come down before they go up. There is no rush ... better to have patience and don't chase them ... let them come to you. Good luck to you also Apropos.
Level 2 Quote
| Market Maker | Shares | Bid Price | Ask Price | Shares | Market Maker |
| -- | 12,000 | 0.220 | 0.235 | 10,000 | -- |
| -- | 33,000 | 0.210 | 0.250 | 10,000 | -- |
| -- | 100,000 | 0.205 | 0.255 | 2,000 | -- |
| -- | 54,000 | 0.200 | 0.260 | 9,000 | -- |
| -- | 83,000 | 0.150 | 0.265 | 15,000 | -- |
| -- | 20,000 | 0.120 | 0.270 | 20,000 | -- |
| -- | 150,000 | 0.110 | 0.275 | 30,000 | -- |
| -- | 12,000 | 0.100 | 0.280 | 40,000 | -- |
| -- | 5,000 | 0.045 | 0.285 | 50,000 | -- |
| -- | -- | -- | 0.290 | 65,000 | -- |