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Gen III Oil Corporation V.PGK

"GEN III Oil Corp operates as an oil processing company in Canada. The concern owns the ReGen re-refining technology. It provides the ReGen technology which re-refines used motor oil (UMO) to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more than current re-refinery produced Group II products. The company's ReGen process utilizes common technologies in use throughout the world, but in a configura


TSXV:PGK - Post by User

Comment by jerrio78on Jan 17, 2014 3:27pm
170 Views
Post# 22105559

RE:Trades

RE:Trades
Often when someone is accumulating they throw paint sells onto the bid so it always looks like it is stuck at one price. As the asks get eaten up the person doing it continues to paint the bid as the recent price rather than show what its really been trading at. This is only my opinion but when someone wants out they just sell, they dont trickle 1,000 sales onto the bid especially right after someone keeps hitting the ask. All they are doing is taking less than the going rate.

I really think something is cokking, maybe someone sees the low market cap as an opportunity to make a move. Or people see the assets and the market cap and gambling on the disconnect not lasting much longer with gold prices climbing.
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