TSXV:EPO.H - Post by User
Post by
Charlie_Chanon Mar 26, 2012 7:50pm
376 Views
Post# 19720434
Good tidings?
Good tidings?I wasn't too surprised to see today’s lack of Market appreciation given the outstanding News release. That unfortunately is par for the course for "Penny stocks" and EPO is definitely a Penny Stock. For now anyways!
What excites me involves two areas that has caused me concern in the past and is now being remedied. Firstly, EPO has an abysmal record in attracting Mutual Fund or Institutional interest. If one looks at the link below and compare the "Large Interest" in share ownership of EPO compared to two of her peers (AAA and WPX) it shows that there is a measly 5 million shares owned by Institutions/Mutual Funds. Compare this to AAA who has 46 million shares owned by Institutions/Mutual Funds. It sure looks like a # of Institutions are bellying up to the bar and acquiring shares in EPO.(Morgan Stanley's action today for example) This allows former free flowing shares to be held by strong shareholders and adds stability to our share price.
The other item that interested me is that Latimer will now be the Market Maker for EPO. Thanks Goodness! Today I noticed today that whenever some of the Sellers were trying to bring the share price of EPO down to $.35 or lower that automatically a 500 share buy at the Ask was executed by Latimer. They obviously have a nice Algo in place to preserve the share price.
There is no doubt that EPO is slowly developing into a credible Potash producer in the near future. And as a shareholder it is reassuring to see that EPO has taken steps to maintain integrity of our share price.