GREY:GGBXF - Post by User
Comment by
Fizzy1985on May 26, 2018 9:12am
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Post# 28084020
RE:RE:RE:RE:RE:Just Curious
RE:RE:RE:RE:RE:Just Curious I saw a big wall at 15cents yesterday, not sure if it will stay there but there was 1600 bids, that’s 800,000 shares... In mid June there are more cheap shares at 12.5 cents coming free to trade though. Since this is a new listing, no one is in this for less than 12.5 cents so I really think that, that is the floor. I don’t personally think that it will fall below 15 cents, they have over 2 million in cash and then their investment in the Water Co...They aren’t trading at a very high market cap right now...I also emailed the company last week to ask about their first products and when they would be on shelves and I was told 4 to 6 weeks... when you figure that it IPO at 12.5 cents before signing any deals I think 15 is a fair price. The volume also seems to be picking up at these lower prices...let’s see what next week brings. Also 300k is owned by QCA and I don’t think that they are selling...