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Mapan Energy Ltd. V.MPG



TSXV:MPG - Post by User

Comment by TyJac1on Aug 21, 2014 11:17am
136 Views
Post# 22864882

RE:is that correct?

RE:is that correct?
SigmaKappa wrote:
30 million shares already traded this morning in the first 30 minutes?


29 million shares were traded in the first 4 minutes when the market opened and it wasn't traded in the open market. Either institutions trading between one another or to insiders. Nice to see they are accumulating at .175 with huge blocks like two days ago. I noticed that whenever the ask price almost drys out, there are 1 or 2 sellers (look at the transaction history) dumping more shares to prevent the price going higher. Probably to accumulate more shares or to prevent the price rising too high before the consolidation takes place in September. Anyhow I expect news next week regarding the shareholders meeting for consolidation approval and name change.
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