RE:Huge volume on the US exchanges MMmmmmmm. I saw that Monday as well, and after a pondering for a while, came to a couple conclusions.
This is a very quiet company. They don't release news very often. I bet their PR guy doubles up on his heart medication every time this company signs a deal. Also, many of their statements are very ambiguous leaving a man to ponder what is meant between the lines.
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-Take that, 135 000 out of South Africa a few months ago. While it does mention a potential 30 000 000 US going forward, it doesn't mention anything that actually confirms it. A guy has to do a lot of backwards math to come up with a number. over the 3 -5 years that it does mention. Doesn't mention any monthly or recurring revenues. But the possibilities are endless.
-A few weeks ago this company puts out a private placement. Raises it twice. Barely dilutes the stock by 10% at 1.15
-PP closes is record time
-Stock shoots up to 1.88 in days
-Stock gets hammered the next trading day in the states only (Canada was closed). Quickly follows the next day (today) in Canada.
- The depth on the previous Friday, or last open day in Canada before the holiday, was absolutely anemic. At one point it was 7000 shares from 2 bucks. Granted, there was absolutely no support, but it sure speaks volumes.
My conclusion is that it is a few guys profit taking, or taking advantage of the recent jump. It's too tightly held to account for anything else. If you are a conspiracy theorist, there are very few people that could actually hold this down, and even less that would want to. Hell, 15 000 bucks on either side can raise or drop this thing 10% on any given day.
I bought more today, on the drop. Not quite the bottom, but close enough that I don't think it matters. The fact that it only dropped 10% today on hundreds of thousands of shares traded, tells me this is a new level. Maybe the Haida got another 10 million? But since it was the states, maybe its Google. Somebody knows something. So I''m pretending I know something too.
Good Luck
BWB