RE:RE:VolumeCorrect. As the bigest basher of the MM in the past I reached out and asked about them and was told that they only BUY shares and that they are for their own clients. LME isn't tanking their stock and if you recall, Cynthia boasted about the share price when it was racing higher and going over $1
I have noticed over the past few weeks that one institution a time has been buying more shares. Today it was Credential Securities buying 240500 shares from $.435 VWAP this morning mostly from Anonymous who can be any institutuion. Previously I pointed out to a friend that National Bank grabbed 100000 beginning of March, someone at Scotia Bank grabbed 232000 over 4 days early Feb, National bank snagged 100000, RBC did 100000 one day. All this means very little. To some, these are big numbers to others it's just a little gamble or enough to remind them to keep an eye on this stock on their portfolio. We are all just waiting as they trade 0.04% (to be read with Animal House Dean Wormer emphasis)of the total shares out. This is so thinly traded a $50000 trade is a more than the average daily volume. Yes the volume ticked up but only to 0.1% of the total. I would love to know who is selling under the Anonyous handle but it doesn't make me lose any sleep
NO BODY with serious skin in the game is selling
Relax and enjoy a drink
Cheers