OTCPK:NSGDF - Post by User
Comment by
RenRokon Dec 04, 2010 5:58pm
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Post# 17801548
RE: RE: News coming???
RE: RE: News coming???The selling that brought the SP down to .20 over the last week or two was mainly because of one seller from National who had basically appeared to be liquidating their position into little or no bids........hopefully this seller is close to being done now........while it is hard to watch the SP go down like that I am still a firm believer that these guys are going to deliver some very nice holes soon.....and that National seller is going to be kicking himself for not holding out imo.
It looks like CEO Van Hoof has drawn the line in the sand at .20 as he (house 92 Pollit) put in some nice bids there to support the stock......looks to me like he bought another 150k shares on Thursday at .20 when there was no other bidders then on Friday after the stock had stablezied he helped to fill someone who wanted 100k at .23....and then also made a coulple more 10k buys after that........I picked up a few more for myself as well.
I find it quite reassuring to see CEO Van Hoof support and help make a market for this stock at this time when it is still completely unknown and does not have much of a market following yet......I am hoping all this will change in the near future when they have some nice holes to report and can hopefully start to crank up the promotion a little bit and get the word out.
Dont forget there is only 30 Million shares out on NSX and 11.7 Million of those are in escrow .....Van Hoof himself owns 10 Million so that makes the actual float of this stock thess than 9 Million shares at best.
GL
Ren