GREY:CNONF - Post by User
Post by
HomerAndCompanyon Feb 23, 2019 4:44pm
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Post# 29404693
IR Global Roadshow:"no one's selling" -as volume hit 100,000
IR Global Roadshow:"no one's selling" -as volume hit 100,000
The IR Global Roadshow rep made the comment that "no one's selling" when he called me about a month ago. I found it a strange comment, as the volume had climbed to about 100,000 shares a day from near 0 a month previous. So more selling was going on than ever before - as well as more buying.
It was obvious that the statemnt "no one's selling" was not technically correct. Someone clearly was selling - so I looked it up. At that time sell orders were stacked up for seller "Leede Jones Gable" for ever increasing prices - although there were multiple sell orders at the same price with seller "Leede Jones Gable" too.
I concluded that what was meant by "no one's selling" was that no one's selling that isn't supposed to be selling - not the new retail buyers, not the insiders, just the underwriter, Leede Jones Gable. If so there should be a change in the trading behaviour soon when Leede Jones Gable has sold off their all shares. Who will be the sellers then? Will IR Global Roadshow still be promoting the shares? I don't know the answers. This is just food for thought.