TSXV:VER.H - Post by User
Comment by
FATBIDSon Nov 24, 2010 11:29pm
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Post# 17755053
RE: RE: RE: A Day, Maybe 2
RE: RE: RE: A Day, Maybe 2I agree Namkaat, as I have mentioned I thought it was lights out about a month or so ago.
I also agree with your trading analogies but think about this:
When these companies do deals like they are doing now, don't you think they already have their ducks in a row for most part? Like financing and most of the JV agreements already in place, just don't have the fine details worked out and still need to dot some i's and cross some t's.
Now look at the volume since Nov 5th. Approximately 54% of the total outstanding shares have been traded. There are next to no investors left that had picked up shares at under a nickel. These guys are out for sure except the odd one. I also believe that most (60% give or take) of the ones who managed to pick up shares under a dime have also sold. A new base has been formed here around the $.15 mark give or take a penny or 2 either way.
Also, I feel that a lot of these shares were picked up by more than the average dude like you and I just because of the shear volume number of shares traded and now there is no volume. These were people in the know, or people of friends that are in the know.
Sure, everything could fall through but due to the way things are looking to me at least I feel this bird is prepared and ready for the oven.
Speaking of birds & ovens.....it is our Thanks Giving tomorrow, so it is going to be a write-off for me until next Monday as far as getting much done.
Best of Luck.