GREY:MGXMF - Post by User
Comment by
HonestAbeon Dec 04, 2017 4:08pm
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Post# 27087921
RE:Re: Litigation
RE:Re: Litigation"MGX stock price has been under presure and go"s down on good news. This is a sign of impending take over."
I don't know about an impending takeover but I think it is quite evident and clear to all that the stock is/has been artificially manipulated and price intentionally held back. Two recent significant and positive news, government grant and geothermal technology application, both had the stock gap open by a huge amount only to be followed by continuous selling that lead to a lower price than previous day (before positive news). That is absurd, irrational, and illogical.
Then also last week there was one day where it traded on heavy volume over 1m shares to hit a high of about $1.05 and next day it sells off hard and coincides with some monster block of over 100,000 shares on the ask at $1. Then couple of days later news of $7.5m financing.
Furthermore to document the artificial price suppression was how their JV partner Power Metals makes significant hard rock discovery to more than double in price, yet MGX somehow drifts downwards during this same time period??
Interesting to see how all this manipulation plays out and how the story ends.