RE:Grey Market List Was PreMature FoolishPlease do some reading before making an exclamation implying the company chose to list on this so called grey market.
Grey Sheets- What they are You honestly think there is enough demand from a retail investor so sophisticated and eager, or a company so daring, to venture into the grey market for this stock? If such a market does exist?
Doubtful someone is buying blocks of shares in quantity and successfully selling them offline independent of any quotes or paper trail. How would you even redeem these shares later on? Again through a shady broker who probably charges an arm and leg for the priveledge.
The run to $18 was likely related to people thinking the full OTC listing was happening and just a final pump before trying to dump it into the eager US buyers lap.
Take the opportunity to slowly accumulate more cause it certainly looks like not many people are selling and the hype around this thing continues to build. You'll get about a month of OTC listing before the latest quarterly drops and blows the doors off every LP in Canada.