Fortune Minerals Ltd T.FT

Insiders selling?

[enddaytrador]

Can anyone explain where these shares are coming from..... insider trading? someone trying to keep this down, foreign investors? any answers......

[stock87]

I doubt serious investors are selling that many shares. However, there are various schemes by which any reasonable penny stock with good long-term prospects can be used to reduce one's tax burden in both Canada and the US. Those techniques include sometimes selling at a loss, particularly toward the end of the quarter or end of year. It contributes to the Christmas bounce among other things

[Notmyfirstrodeo]

If the selling is an attempt to drive the price down then a few more people just need to step up and buy. If they buy at these levels then it keep the price up. Seems cheap enough to me right now and I bought another 30000. If it goes down more I'll buy again since this is a longer term hold not a quick flip. 

[hounddog69]

Looks like we're en route to 0.045

[red]

In 15 or twenty years ....Been there done that a few times and  again is not reflective of what we could be once a few things get sorted lol  we wait