Post by
8675309Jenny on Aug 08, 2014 8:04pm
Maha is firmly in control
Did anyone see todays trading? to my surprise this week, I was wrong thinking they would take off all the offers to .20, which totalled around 800,000 shares. what they did is wait them out, and almost all of them came down in price. so most of the offers are now gone to 20c, and all at a lower price .... and maybe 300,000 shares left to 20c. But did you see the trading today? .... once it quieted out, Canaccord moved in with a bid for 100,000 shares at .155. Once filled, later in the day UBS moved in and took off everything at .165. The day closed with 3 100,000 bids, but they waited them out on the offer. What this tells me is the bid is there, and they will take it up when the want to. who can blame them, they sucked out close to 700,000 shares at lower prices. Good on them. tells me the bid there is solide, the deal is solid.... and they are clearly in control and will move it when the time is right, and they think its right. Its a huge buy with this support, and I did buy the majority of the shares I wanted this week. GLTA