GREY:MHGPF - Post by User
Comment by
Caribbeanmanon Mar 16, 2014 11:55am
350 Views
Post# 22329007
RE:Who's working the s/p?
RE:Who's working the s/p?"Playing games"
How about all the shares put on the ask on March 10th for unrealistic values from .75 cents to $1.25 Obviously one person who owns over 800,000 shares. That's a ton of shares and implys to me that either they bought very low recently or are holding a signifcant position from a long time ago. If they bought months ago, they could well have paid over $200,000 for that stock. Unless...........It's coming from an insider holding stocks from shares for debt agreements.
What are they thinking? Maybe planning a 3 year trip to a deserted island and want to ensure they capture a windfall while away? Or trying to improve optics for the uninitiated?
In another stock I own OTC, someone disgruntled with the company posted a bid of 10,000 shares at .0001 cents for a total value of $1. In response someone an hour later else posted an ask of one share at $2000.
I've see many of these odd board lots come through over the months. All of them for a lot higher than the current share value. Market makers I've been told.
I could be wrong, but I believe RBC was a backer of the project and one of the brokers was a buddy of Zaakir. All I can remember is the broker had olive skin and was with Zaakir in Guyana.
RBC and anon are the two houses I pay the most attention to. They do a lot of the trading to one another and RBC is the one with the most sell/buy orders from one account holder to another. I'm always a tad suspicious of what's happening behind the scenes when RBC fills another order from RBC and likewise anon/RBC.
The last two visible tradesfrom RBC to RBC took the stock from .07 cents to .08 cents on a trade woth $80 This was done on Thursday and again Friday. It's not like there were no more shares availble at that price, there's still 39,000 on the ask at .08 cents.