TSXV:BTI.H - Post by User
Post by
Sinbobon Sep 19, 2012 11:12am
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Post# 20385458
Suspicious trading now...
Suspicious trading now... Down to $1.75 on only paltry 5900 shares. Very suspect. These are not free trading shares being sold into the market in my opinion. It appears to be an attempt to shake out any weak knees. Sacrifice sales in an attempt to lower the price on insignificant volume? Broker short selling? Trader short selling? We saw a quick take down to $1.75 yesterday and then up at the close. Broker playng games? Someone still wants cheap shares? Someone trying to keep the stock quiet? Whatever the reasons, they are very hollow and suspicious. Without any sellers the gamers have to show their hand.
Trying to depress the price on no news will fall on deaf ears. This is not junior gold stock with no drill results and 300 million shares out. I would say the many drill (study) results have been very progressive and resource (capital inflow) expectations are incredible. In essence, shareholders have a claim on huge resources for pennies on the dollar going forward.
Th good thing is that stock is tightly held so any decrease in price on higher volume would be very odd in my book...and that means selling sares into the market that don't exist...and that will be easily traceable for a pubco with such a small float. Regular shorting means they have to be accounted for in three days.