GREY:LNLHF - Post by User
Comment by
David8888on Nov 21, 2021 12:23pm
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Post# 34150680
RE:RE:We end the week with a 3.5 cent close
RE:RE:We end the week with a 3.5 cent closeI have done this too several times.
Have accumulated a large position to.
Last trading day, it did trade at 4 cents on the ATS, but only CSE gets reported on the stock monitoring accounts.
What happens frequently is that a stock is allowed to drop low to flush out those looking for a quick flip. Having LLP trade with low volume and low share prices without much buying interest helps to accomplish this. It can be painful for 1,2, 3 weeks but then these short term holders are flushed out.
I agree that it has not been pretty to look at our personal account summaries and see our low balances.
I also agree that there is a good liklihood that the 10 million increase in the share float during the last month is due to providing the marketing company (see news release from August) with their share position.
There is a process here. Not for our immediate benefit. It makes sense when you think of the perspective of the company engaged to put the promotional wheels in motion as was mentioned here previously.
As noted, they are not paid in cash but share equity. When things move it can move quickly and will likely catch many by surprise.
Just my humble opinion. I am getting impatient too. However, i do believe we will be rewarded.
GLTA