What to know about RGO RGO is practically own by xxxxOntario inc which is the owner of 71% of the shares (there is another holder with 15%)so RGO technically has no money but Ontario inc does and it did buy it for a reason.
2 weeks ago I called Allan Benzanson (AB) because I saw volume and he said he had been working hard for the last 4 weeks making a deal (at the time that was like at Christmas) and I did check volume started at the end of December slowly but up to the beginning of last week they accumulated some millions, then last week it traded at least 40 millions just one day 30 millions shares.
I am sure that at least 25 millions shares did go to some people in the know. Unless those people wanted to throw the money out.
Now it is consolidating, most of the longs got their money back and the rest here are penny flippers that get too impatient that is why they seek back even if they sell it at the same amount they bought.
The huge bids we saw are there somewhere, when the selling dries up they will comeback again because there are a lot of money invested already. Wait patience.
good luck all.
FV