GREY:ARGEF - Post by User
Post by
Astrosmithon Mar 09, 2017 6:26pm
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Post# 25960445
Anon (001) = Luxor
Anon (001) = LuxorSo Anon/001 is probably for the most part Luxor (aligned with other debenture holders) who owns 17 mil shares and $2million of the $7.5 million outstanding debentures. They have the shares and the incentive to keep the price down. They do not want a 5 day period with high SP. They could gain a few million extra shares if they can keep this up long enough... but if it costs them more shares than they gain they will have to stop the game. I see the light!
With volume increasing to closer to 1mm shares per day (~700k 30 day average) over the last few weeks they will not be able to keep this up for long if they can't get the price to dip to rebuy.
This will not last much longer as long as there are buyers in line in front of 001/Anon and buyers buying at the ask which has been incresingly the case. Ah sweet sanity returns as the fog begins to clear.