OTCQX:CNSNF - Post by User
Comment by
krishakon Jan 23, 2017 2:40pm
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Post# 25742778
RE:Relevance of Bids
RE:Relevance of BidsIt's not the $ value so much as the % of the company that someone is bidding for that is most significant, IMO. 584,000 shares = about 0.5% of the 117million issued shares. When you see someone bidding for 0.5% of a venture-traded company they likely fully understand the value of what they are trying to buy.
Coincidentally, 4 days after that bid appeared both CEM and CNSNF make new 52-week highs!