GREY:CQXFF - Post by User
Comment by
golfer555on Jul 24, 2012 8:49am
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Post# 20145511
RE: Market cap of 3 million CAD now??
RE: Market cap of 3 million CAD now?? Yes i agree. This is really ridiculous and it almost makes me wonder someone somewhere is really trying to push this down - when would a company come out with descent results and get hammered so bad? I know the markets in general isn't anything to write home about but they aren't THAT bad (i.e money is still flowing in the market) so this is mind boggling why this keeps going down. Yesterday, if i'm not mistaken it was Scotia that was selling so cheap. One must wonder how can someone afford to sell this for 9 to 11 cents?
If we assume someone was holding shares they got for 4 cents uptil now then the question is when it was 35 cents why didn't they sell it? But rather waited to take a minor 5-10 cents profit a share instead of 30 cents a share? So why would someone sell for so low and potentially take a loss? Or waited 4 months to sell at a lower price instead of high that they got in Feb?
Something weird is at play here, and it almost feels like someone excercised options/warrants for dirt cheap and dumping it? Most logical investors wouldn't do what is going on here....anyway, just confused that's all