GREY:SKNAF - Post by User
Comment by
laser17on Jan 24, 2013 2:05pm
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Post# 20885706
RE: I think
RE: I think I suppose 404,000 shares being dumped at $0.03 would qualify as "giant", although in terms of dollars it's only $12,120.
Not good to see that formerly solid support at $0.03 suddenly gone in an hour. Could be seeing trades at $0.025 soon.
Another thing to consider is the rather large float of over 231 million shares. Could there be a consolidation on the horizon? Large floats and single digit share prices frequently result in consolidations, and those are never good for shareholders.