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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by investrichlyon May 09, 2011 3:37pm
306 Views
Post# 18550210

RE: Fear tactic today again?

RE: Fear tactic today again?The present ask is 421000 shares @ 0.085 cents.

The potential buyer is saving $2150 if he buys that number of shares at 0.08 cents.

This is very simple.  If someone else jumps in this war and grab asks of 0.085 cents, then this potential buyer will run in to grab the remaining shares at 0.085 cents.  He is now waiting to grab more shares to accumulate at 0.08 cents.  At one point, this potential buyer or many will eventually be paying 0.25 cents or 0.40 cents once we have confirmed positive results.

Someone knows something because today the share price did not drop from 0.08 cents.
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