RE:Where's the bottom?StockscoutX,
I expect NanoXplore is held by pretty much long term investors at this point.
Daily traded volume is not out of the usual here.
I agree that any newly interested and would be NanoXplore shareholders would be in need of some coaxing, so to speak.
NanoXplore is certainly far from being in any way considered a "sexy" investment.
I could be entirely wrong here. Never the less, I have revised my nearer term outlook and therefore would not expect anything truly upward share price driving during this interim period.
Furthermore, I expect that move from CAD$1.87 to upward of $2.85 was meant for insiders and their respective business friends and associates , e.g. Mr. Rocco Marinaccio and the facilitators over at Echelon Wealth Partners et al.
I expect that previous and entirely massaged upward movement in the GRA.T share price provided such "interested parties" some ROI, which perhaps covered the requirement for some Las Vegas casino gambling money to be had and also could have covered their all expenses paid family trips.
Alas, that upward share price move is over now and the NanoXplore share price would seemingly be made to head back down to the $2.00 price point and perhaps farther below $2.00 (possibly right back down to $1.87); at which point, the normal course issuer bid should kick in to support the NnaoXplore share price.
Had you read one of my earier posts, you would know that I suggested the back half of this year as possibly presenting news with respect to the 5 year strategic business development plan investment initiative and what was at the time supposedly "a soon" to be secured credit facility.
As I said, no offtake products purchase agreements and requisite accompanying capital financing provisioned by any would be NanoXplore partner/customer/investor, thus making it possible for "the company" to determine the needed confirmation of a requisite GO Financial Investment Decision for that 5 year strategic business development investment initiative . . . Suffice to say no offtakes means no further development of the proposed 5 year strategic business development investment initiative and no urgent need for a NanoXplore credit facility.
It now looks like we are headed back to the NanoXplore "dead money zone" for the next 6 months or so.
Who knows and "who" is not telling.