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GOLDBROOK VENTURES INC V.GBK



TSXV:GBK - Post by User

Post by RoyallyScrewedon Jan 11, 2012 3:42pm
239 Views
Post# 19393028

Smoking salmon...

Smoking salmon...

No one is holding this stock down. There just isn't enough volume to indicate that and the trades are completely normal looking to me. To see any suspicious pattern you would have to look at GBK's detailed trading history from July-August 2010 until now, do some complicated math, and first get a reasonable suspicion before any search of private trading info is allowed. It's not easy. The BCSC (not the OSC) won't bother unless there was a buy for million and a sell out of nowhere for equal millions... a few times in a row.

 

For some reason there is little interest on the buying side. Why? JJ has an appeal to the supreme court. The problems that causes are multifold.  First, MOST investors aren't long term. Long term holders are short term holders that made a mistake. Profitable traders are after 23%-50% gains in a flip. Since GBK-David is still in litigation with JJ-Goliath, and there is a chance however small that JJ could win, GBK's price will stagnate where it is now. The majority of those looking for a flip are looking elsewhere because they are broke... not cowards! Simple as that. On average, investors have lost a LOT of money in the past 2 years, so there isn't any more to put in. All they are doing is moving their depleted capital around trying to eke out a flip here and there. GBK isn't about to explode out of the box unless JJ makes another offer. Will they? Why hasn't any other company made an offer? The reason is NOT because they need promotion, lol.  Think how long it takes to get a supreme court appearance these days? A year? Then there's the nagging question of what else JJ can do to drag this out. Who wants to wait around when there are thousands of damaged stocks out there thwacked by recession and waiting to recover.

 

So... bad economy, other immediate opportunities, litigation, huge company against tiny company, and finally, no feasibility study to prove actual values. Jein Canada is a private enterprise and not subject to OSC or BCSC regulations. That's it in a nut shell IMO. This will be long and ugly, or short and cheap.

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