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Bullboard - Stock Discussion Forum MGM Energy Corp MGMCF

GREY:MGMCF - Post Discussion

MGM Energy Corp > Today's Volume
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Post by SmallBet on Apr 23, 2014 4:30pm

Today's Volume

Looking for Insight from some of the long time investors here. what do we take or guesstimate the reason for 35.8m trades today? Yet the price has done nothing? Is there another company involved in "quietly" buying? what's the best thought on this? anyone?
Comment by johncalgary on Apr 23, 2014 6:01pm
I've been following and trading in mgx since it started. I've never seen this much trading in one day. Someone thinks the comany is beening sold or is taking a no risk chance that it is beening sold to someone besides paramount. In any event the worst case is they get paramount shares. No risk.  Mgm is a good buy at .50 cents specially with the tax pool.