GREY:QSLRF - Post by User
Comment by
mercurysmithon Jun 06, 2014 9:02pm
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Post# 22639324
RE:No Material Change
RE:No Material ChangeI don't believe the 38% decline in two days on high volume can be explained away by Canaccord doing arbitrage with the Frankfurt exchange. That exchange had 178,514 in volume today, but yesterday (June 5th) only 76,000 volume and June 4th 45,400 volume. There was over 600,000 volume each of the last two days on the CSE for Q.
I also wouldn't be too quick to assume it is an insider selling situation. It is true that Mr. Xie sold 57,000 shares on June 4th at .73. The critical days are June 5th and 6th. We will soon know if he sold any more on either of those two days, but I would be surprised if it would be amounts justifying the 1.2M shares sold June 5th and 6th.