OTCPK:MEDVF - Post by User
Comment by
HoldMeon Sep 17, 2020 7:54pm
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Post# 31578889
RE:Volume
RE:VolumeI think the issue here is what you mentioned that "insiders hold the vast majority of shares".
I believe it was Sarb who calculated that around 75m shares were issued to buy these vend-in companies. Add in what the Directors and Officers hold and thats plenty more north of 75m. So that leads me to believe there is a lot of cheap paper floating around and some with an adjusted cost base of $0.00.
We all can use extra cash right? So if you had 6m, 12m or 20m shares for free what is to stop you from selling anywhere and its all profit? So we have 75m shares creating walls of selling pressure whenever the stock tries to run up on a good news release but we end up even or a bit red.
I am a beliver in QSC, but it is trying my patience as to when we will see it hit the potential we all hope it will.
GLTA