GREY:ABGPF - Post by User
Comment by
The_Guruon Mar 09, 2016 7:06pm
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Post# 24641263
RE:RE:RE:.....and back to 0.12 cents.
RE:RE:RE:.....and back to 0.12 cents.An astute investor would not look at the last trade of the day which knocked the stock down from $0.13 to 0.12. Volume was increasing all through the day as new shareholders were coming aboard. Cannacord obviously had an agenda and were the sellers in 8 of the last 10 trades of the day. They were the only sellers knocking the price down. They did it on Monday as well when they took it down to $0.115 at the close.
The close yesterday was a false close, window dressing if you will. In the last 10 trades of today, Cannacord did not participate and the stock closed up. Hopefully the larger volume the past few days has cleaned out the Cannacord sellers and the stock can begin trading at a more reasonable level.
Basically we need new shareholders, not the type that will flip this for a penny gain and be happy with beer money for the weekend. The problem is institutional investors will not invest as Alabama is too small for them and also pre-revenue. So we need to deal with retail shareholders. When guys like Fabrice get involved it actually hurts us as he just flips the stock for a penny or two and moves on. Hopefully we are attracting investors that are looking for 100%, 200%..... gains and not beer money.