GREY:LGLTF - Post by User
Comment by
rinchengyatsoon Jan 04, 2017 9:49am
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Post# 25665197
RE:RE:Bids / Ask finally turn around
RE:RE:Bids / Ask finally turn aroundA good CEO with a good plan would have revealed their intentions prior to all this chess match stuff. The confluence of daily small trades to raise the stovk to a penny, then the next day a raft of traders bounce back and forth between .01 and .005 means that no one knows what is going on. Alex posts news that any experienced trader knows is bait to see if they can move the stock price to a level that would reduce its debt financing rates. They can no longer get financing from banks who won't even touch the ten-foot pole now. So their only choice is to tap the executive for cash, in hopes of moving the price. Not happening? Small time investors not dumb enough to buy a lame race horse? Damn...what's next Alex? Get Indians from a small regional, English-speaking university yo come to Canada to learn English! Small time innvestors not dumb enough to think International ESL students includes English-speaking Indians? Damn...out of ideas? Change CFO, issue letter of desperation...
I admire the fact that nobody in this group has been suckered into spending huge sums on this dead horse. But I am afraid that this stock has been on life-support for a year...the doctor is in the house, but the patient needs brain surgery, not a prescription.