GREY:GDPEF - Post by User
Comment by
LeftBookon Feb 25, 2019 12:42am
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Post# 29407283
RE:RE:So basically
RE:RE:So basically
A while back I tried estimating the "us" a couple of ways.
Using yahoo historical data I computed 79M shares traded at a average of 9.6c or $7.58M between June 2016 and the halt. Do what you wish the average. Traders could be moving in and out of positions, averaging down from various starting points to various end points. Perhaps the 9.6c average is all you can get. It does reflect a mid-point in the almost straight-line drop from 20c to 1c. (To my eyes the 32M shares traded since June 2018 at an average of 2.5c is just part of the overall downward trend.)
79M shares traded also implies 96M shares or even more of the remaining 175M shares were not traded.
I also looked at the shares added to common share registry on pg 5 from June 2016 to June 2018.
private placements, debt for shares, debt reduction, mineral properties, etc ( Item are priced from 5c to 25c ) Again average tells the bigger picture. $19.6M/123M shares = 16c
Big picture ...
75M shares were traded at average of 9c
100M shares at an average of 16c have not been traded.