RE: RE: RE: Not selling yet... Volume has collapsed. This stock is tightly held.
Jing Tang has 2,757,000 shares
and 3,850,000 shares are in escrow according to info from Canada Stockwatch. Have no idea what those escrow shares are all about. Unless its old information that has never been updated.
Its bad enough that investors will have to take a hair cut from true value due to the factors mentioned in the press release but the company is accumulating shares below .60 cents.
I assume most of the buys yesterday were from brokers hired by JTI to snap up sells.
All in all this is a great deal for MCV even if they have to up the bid to .70 cents!
MCV after all this is done with will have a great balance sheet and probably have a fair value of $1.25 per share.