Post by
Monday2 on Aug 30, 2013 11:37am
RE: Sure expected more volume today!!!
Yes given most people like to have 100K of shares, once they take in the consolidation move and reference the current share price they purchase to get in.
to have a 100K of shares after the consolidation you would have to buy 3 million shares, lets say at $0.01 = $30,000.00. Consolidation share price $0.30, given the number of gold producing companies that either produce the same or more gold and have larger gold reserves, $0.30 is a extreme high target and most likely investor will low bid this target, not advance it.
The only safe purchase price is $0.005, which gives a consolidation price of $0.15, as you all know people will pick up share more ready at this price given the companies uncertainity.
People bought shares without thinking, believing that the share price would go directly up the $0.05 -$0.10 and would get out with a good profit.
Unfortunately, no investor is going to by shares at $0.05 with a 30:1 consolidation coming up, giving the final price $1.50 the stock would still there and nobody in there right mind would purchase it, simply because there are better stocks out there on the exchange.
At $0.30 consolidate price the stock will sit there, shareholders will not sell for less, HA, HA, sooner of later somebody will start and there are a lot of shareholders.
Good Luck!!