RE:RE:RE:Not looking good right nowpaperrockscisor wrote: Insider selling yesterday so I wonder if there is more today. Almost bought in at 5 cents, didn't think it would move down to 4.5 cents. But looking at the charts, PNN has been sitting at the bottom for a very long time so it's kind of not surprising to see why it's not moving up on good news. GLTA
Hard to say if insider was selling yesterday. Firstly the website doesn't give names, price or dates of the sale. It could also be transfer from one account to another and not a sale at all.. From investment to TFSA or RSP or to another family member. Technically transfers are registered as sales as they are dispositions.
We'll just need to wait till it's registered on IROC and not tmx
No no matter what, this was monumental news to the company. Why the shares didn't move up is interesting. But they will eventually when the public's attention focuses on the potential of this play and shareholders refuse to give the shares away. Really it's all about the demand. I guess the demand of 8 million shares yesterday was met by an endless supply. People that held it for years doubled their money and moved on. But now there is a new baseline forming.
Hopefully in a short time this will move into the 20 cent range. This Velca play has much more potential than where Bankers drilled.