GREY:PRBEQ - Post by User
Comment by
Roverthingon Dec 18, 2015 9:33pm
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Post# 24397292
RE:RE:RE:RE:RE:Reply from Rooster
RE:RE:RE:RE:RE:Reply from RoosterYou are right. But the warrants they could probably change that almost anytime. For example, they could come out with a press release now and say ah! finally the company decided to change it for 0.05, like I have often seen in some others companies. Last year before Christmas, the insiders were very excited to buy a lot of very cheap shares (from about 0.03 to 0.05) and at the beginning of last June, the SP reached 0.17. It must have been very encouraging for the insiders to see the SP that high. And someone might think that they probably even regreted not having bought more very cheap shares. Now they have the opportunity to buy again at 0.03 and they don't even buy a single share which is a nonsense. It is very weird. That's why I am not buying anymore and they make me think more and more that it might have something wrong with the company and they probably don't want to tell us, like I have also seen many times in some other companies which went to bankruptcy. Or they probably expect the SP to decrease more until 0.005 which is more and more likely if they don't do anything soon to stop this bleeding and they might want to grab a lot of shares at that price. We never know. There is one or many reasons why they are not buying shares now but they just don't want to tell us. Consequently, I am trying to figure out if someday we are going to see the light at the end of the tunnel in this company. I feel not lucky to have invested into the oil market at the wrong time. I am sorry for not having a more positive view about the company, but this is my honest view of the situation now. No news is bad news with penny stocks. And I feel that if the insiders don't want to buy shares to help the SP a little, how can this bleeding stop? I don't expect the company communicate with the shareholdes before the end of February which is almost 2 1/2 months from now. If few important shareholders decide to give up and sell their shares, it could be very ugly to see the SP decreasing fastly to 0.005. Anyway that's life with penny stocks, they offer a great potential of gain but certainly at very high risks. GLTA