Post by
tylerreddick on Mar 19, 2024 4:28pm
Oops
The "big news" wasn't very well received, a whopping 2800 shares traded today, and all were sell orders?
But I guess it wasn't much of a surprise anyway. Still, one would have thought it would have attracted at least one new investor?
The perils of a thinly-traded stock.
Maybe tomorrow will be a better day.
Comment by
889900 on Mar 19, 2024 5:52pm
For shares to start selling there would be a need for outside investors, and I doubt the news releases are widely circulated. The current shareholders are either fully loaded, or wary of more delays as s is so common with Greenbriar..
Comment by
tylerreddick on Mar 19, 2024 5:56pm
Agreed, adding to a losing position wouldn't be the smartest investment. And the selling on every news release gets tiresome. Glad I sold a good portion of my shares on the latest runup (again). With all of the trading I have done on GRB, I am riding free shares, but apparently should have sold them all. :o)
Comment by
889900 on Mar 19, 2024 7:45pm
I think the news release was to put shareholders mind ar ease about Sage proceeding as planned. Personally, I'm thankful management addressed the issue to put an end to speculation .... now we neeed a similar update message on Montalva.
Comment by
snootchybootchy on Mar 20, 2024 2:48am
I think the reason why this stock is not attracting new investors is because many Canadian small cap stocks have been on a tear since late October after having been beat up pretty badly for a couple of years. There is probably no reason to buy a stock that is pre-revenue when there are dozens of profitable Canadian small cap names that are currently emerging out of historically low bottoms.