This post from July is worth a repeat ->"somethings up"Good morning PHD shareholders: In July I posted this little observational piece on PHD (reposted below) when I watched share price appreciation on PHD,and how it got "smacked down"
So where do we stand now (ie. How would I update this older post)
Well, first off, the stock is up 100% in a week on huge volume, with 2% of the PHD float changing hands.
Over the past year, Fidelity, presumed to be the market maker , picked up 10% of stock beginning last Sept, and the SP continued to fall - from the .07 they were holding it at for the PP, all the way down to .02 for a new 52 week low - (although to be honest there were I believe only a few thousand shares traded there, with a couple hundred thousand at .03 and .035...) this activity can be found at the below link
https://money.tmx.com/en/quote/PHD/trade-history?selectedTab=price-history
And then....last Thursday BMO started buying from .03 all the way to .06 being hit yesterday, and true to form, the stock was smacked back at the close. recent activity can be viewed publically below on the link to tmx website
https://money.tmx.com/en/quote/PHD/trade-history
So BMO it seems just picked up 2% of PHD stock in the past week (since last Thursday), and while "support" continues to be weak after a year of the pounding that PHD has received, "resistance" has all but been wiped out as well, with (at last look) less than 200k shares holding us below the PP .07 (62@.055; 59@.06; 26@.065; 27@.07)...i'll post a level 2 before open if I get a chance
Oh, and BMO....i'm showing "Net House" for BMO over the past year and a half since the previous 52 week low of .075 was breached early last year...at get this....+3 million shares
The last 3 Fridays have seen Ron Coombes pick up a few thousand shares (insider tab at the top of your Stockhouse BB page)
So Fidelity (presumed to be the MM) picked up +6 million shares, and BMO picked up +3 million shares, and Ron Ccombes picked up 330k on the open market (in 2022), and until this past week, the SP plumited to new 52 week lows time and time again...that is, until now.
My conclusions:
PHD was the target of a coordinated attack on SP, orchestrated by <presumably> a group of shareholders holding about 15% of PHD stock. they have washtraded, same day shorted and cleared, bounced shares between the cdn. and us. exchanges, and occasionally have had to declare and report shorts. some of the above is "technically" illegal as I pointed out in the earlier post - as they were working in coordination with one another, and washtrading, yah, that's illegal
So folks...it's Friday, and we know, Ron Coombes always buys on a Friday (lol....bad paraphrase from a movie...)....
So there are legitimate shareholders watching and reading on this BB....i hope this insight has been of value to you, and maybe, just maybe it will make you wonder whether you should have been picking up a few more shares to support PHD share price at these 52 week lows - which helps you average down, and also helps with a financing - which obviously is critically important to PHD at the present time.
Cheers folks....enjoy your Friday as well as another beautiful November weekend
July 24, 2022 - 07:37 AM
152 Reads
Post# 34846094
Somethings definitely up - some thoughts
For one, the share price went up 28% this week
Earlier last week I posted a couple of level 2 which showed some interesting changes to the ask depth and volumes - and over the last 2 years, I have posted them quite a few times to make a permanent record of level 2 and day trade activities - Esp. By ANON, although TD of recent has been the unhidden seller
Bashers continue to be out in force on the stock, and are now "gloating" about longs being "bagholders" on the stock - which means they feel they were successful in their coordinated attack on the SP , and the reputation of the company -
they indeed have managed to make the recent PP's very hard for Ron; he was not willing to give them their requested 0.05 and a warrant - and yes...they put that request right here on the BB in writing
For those able to watch the US traded PHD (prrvf)...there has been some interesting trades made on the US exchange at 0.06 US with corresponding flips (same number of shares) to the CDN exchange at 0.05 to depress the share price over the last 60 days
Fidelity (presumed to be the Market Maker hired last August), had 10% of the company dumped into their hands by my calculations - which means this coordinated attack on the SP was made by 'group' holding more than 10% of the company - which is "technically" illegal as they were working in coordination with one another....add to that the wash trading between US/CDN exchange (also illegal)...and...well....draw your own conclusions...
PHD ... Will it be a phoenix rising from the ashes created by the shorters/bashers ???
Time will tell...Much depends on Ron and his ability to raise funds "From strong Hands" - I give him high marks for not playing the bashers/shorters game and capitulation to their 0.05 request with a warrant - although it has been painful to watch -
Do I continue to buy and hold PHD... Absolutely... of course the bashers will say no one's willing to buy, and that we're all bagholders now (they did actually say this recently if you read their comments)... that being said, the potential for PHD both on and in the ground is huge - I believe that, or I would not be here....we are where we are...needing to raise funds to drill - and Ron is indeed working on this
Best to all the true investors here - and there are quite a few - enjoy the remainder of your weekend
Cheers