GREY:QSLRF - Post by User
Comment by
mercurysmithon Jul 25, 2014 10:29am
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Post# 22781729
RE:RE:Finally
RE:RE:FinallyCanaccord is doing all the buying and continues being willing to buy. The volume is low so even one retail "ask" can set the s/p. For the past six weeks one "anonymous" has wanted to be the undercutting "ask" price. Not to worry. Longer term the fundamentals will dictate the s/p, even with a penny stock. That anonymous is not an insider and sooner or later will run out of shares to sell at discount prices because Canaccord continues being ready, willing and able to buy them all. Even without this great n/r yesterday, the s/p was in the .70's before Mr. Xie walked it down, so even at today's .60, the s/p is still at a discount. By their actions, Canaccord also agrees. Fortunately Mr. Xie hasn't sold any shares for a month now. I am hoping that with certification news in the next few days, the s/p will be up over $1.00 again. Hopefully at some point in August it will be a misnomer calling this a penny stock, notwithstanding the exchange it is on.