RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Morning update?
Approximately 265M outstanding shares of LME Around 70% insider and family owned is approx 185M shares Leaves trading 80M shares Between me and those who I got into LME hold around 3M of these. None have sold. Many of upon this forum have not sold. That doesnt leave many shares to tradeliquidity is very low. 500k shares of 265M shares is 0.2 % of shares. At present price thats $200,000 worth of shares. Nothing to worry about. If daily volume is 1% and share price drops sharply then Id be scared. They might just need to cash to invest in another stock or for any number of reasons In my opinion, I see no valid reason to try and suppress price in an attempt to ensure a ten bagger plus . Someone is either trying to keep the price down to 1)ACCUMULATE at low price 2) induce us to sell 3)they are selling shares to themselves or family in another account (redistribution).