TSXV:NDVA.H - Post by User
Post by
Blurr4on Sep 04, 2014 10:41am
248 Views
Post# 22905263
Dumper Boy
Dumper BoyThanks Fracky for the update, it's greatly appreciated.
I also spoke to Rick earlier on in the summer and was impressed with his energy and drive for success. I was also led to believe that he personally has a sizeable portion of the company's share structure.
The 'wall' for lack of a better term at $.13 has a little bit of a nasty flavour to it in my mind. Anyone who doesn't want to tank a thinly traded stock's share price (and potentially end up selling their shares at an even lower price) would spread his/her orders around so that it doesn't scare other investors into dumping shares. Not true here however as the sell orders are piled high at one price point.
Anonymous has been steadily selling shares in the $.13-$.15 range for months as it appears to be the lowest that they're willing to unload their position at. Perhaps a disappointed investor or a peed off investor - I'm not sure. I do get the feeling the seller is enjoying watching his/her sell orders continually kick the wind out of any potential share appreciation. IMO
I've been waiting for Anonymous to run out of shares but the seller continues to find more to unload. If it is someone who participated in the last PP then they appear to be comfortable to unload their free trading $.15 shares at a small loss.
I'm afraid we don't move higher in the short term until 'Dumper Boy' finally runs out of shares to unload. Until then we trade flat :(