OTCQX:MRVFF - Post by User
Post by
blackascanbeon Jun 03, 2010 3:35pm
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Post# 17155900
sleeping Giant
sleeping Giantor sleeping Gnat. I'll go with Giant. The only reason Nuvo is where it is now relates to the FACT that it is owned by Canadian Retail investors. The trouble is that these Canadian retail investors expect other Canadian retail investors to buy their stock. The problem is, the Canadian Retail investor that the Canadian retail investor wants to sell to already owns the stock. How can you own something and then expect to sell it to yourself? See the irony? The American institutional investor is who will ignite this sleeping giant and turn it into something it deserves to be. The stock is also where it is now because of the Canadian retail investor's misunderstanding of the effects a reverse split will have in this case on the share price. Some have sold thinking they will buy back cheaper after the split. Good luck on that thought.