Post by
unclebobie on Jun 25, 2020 12:34pm
On the subject of manipulation - its BS - now read from deck
Question # 3: Is there stock manipulation occurring? GLH is not aware of any purported stock manipulation. There are over 860 M shares outstanding in GLH held mostly by retail shareholders. No one party that holds more than 5% of GLH. Retail shareholders, may not understand that the shares offered for bid and ask on the indexes they can see are not the only place that buyers and sellers can transact. There are trading platforms available for large volume traders that pay for the right to keep their trades hidden. A retail investor will not see these bids or asks unless they too are paying for this. Dark pools exist. This is legal. Professional traders are happy making small gains on large volume of stock and often times trade in the grey markets that retail investors can see. That is not manipulation. Particular broker dealers are mentioned often in the chat rooms. Once again, please remember that retail shareholders make buy and sell orders through their own individual retail broker dealer or discount broker. A dealer may have hundreds of advisors selling shares for their individual clients under the same dealer code. It may not one specific party buying or selling. Ultimately, if there are more sellers below the current trading price than buyers above, the stock will always trade in narrow bands and not rise. I typically ask shareholders, if retail investors can acquire the stock at $0.015, why would they pay $0.02 and so on. Until someone is willing to pay $0.05 to clean up all of the stock offered below that, the share price will remain low. When stock is no longer offered for sale, demand will drive price up. If there are irregularities that shareholders can prove, I encourage them to share it with regulators. In the absence, negative commentary in chat rooms are not productive. At a certain point in time, perhaps consider selling instead of resorting to other methods.
Comment by
Puffdragon6969 on Jun 25, 2020 3:57pm
exactly what I have been saying for a while.
Comment by
SlyestFox on Jun 25, 2020 5:25pm
how is it that every single time the stock is about to go up, that there is a massive dump of shares either at market value or lower than market value??? Did they answer why they refuse to answer ir emails or phone calls?? Orwell literally posted that investor group that sold all their shares because they couldnt get a hold of anyone at the company.
Comment by
daveinvestor on Jun 26, 2020 10:22am
Actually they did and you had to read between the lines. We may not like the explanation but I believe it to be accurate. If no single party holds more than 5 % of GLH it would make it hard to manipulate.
Comment by
Orwellian1984 on Jun 26, 2020 11:34am
That being said, I think GLH is undervalued and it is why I invested in. At least I am happy with the recent financial improvements and glad to see the current bullish momentum although in its infancy.
Comment by
Puffdragon6969 on Jun 26, 2020 3:24pm
I believe it's the opposite. 5% is 43 million shares. Anyone above it would probably hold tightly. A couple people with 25-30 million would easily manipulate this stock and not trigger the 5%+ holder submissions it would require.