RE:RE:RE:New Video from Sept 2020 *** Must watch mississauga1 wrote: Hi Don
Thanks for calling me insane ... LOL
Here is my problem / situation.
What was volume last trading day ? 50 000 shares
If I were to sell my shares at once the price would crash and trigger the circuit breaker, not a good option as price would collapse and may end up near 0 . There isnt any Buyers to support a massive sell order of 1 million shares or god forbid 5 million shares. After all there are over 140 million shares of NXO so all the Big owners of NXO shares are in effect locked in ... LOL
I could do like the D brothers and sell 25 000 shares per day . It would take more or less 2 months to liquidate my Holdings. That would at least double the daily selling pressure on a stock that is already down 60% in 3 months.
So what am I left with as an option ? Sell at a huge loss , id say 75% loss from my average buy in or wait and see what happens.
Im not needing those funds to survive and I have lots of other assets that are doing just fine and if NXO crashes and goes to 0 I will take the tax loss and move on. If nxo share prices goes back up then I Will liquidate and move on.
On a side note, Many of the board member are holding millions of shares which are essentially untradable due to low price and low volume so they are in the same boat i AM ...AND THAT MAKES ME HAPPY ! lol
and only way not to create a massive share collapse with the amount of shares the group owns is to have a buy out I guess .