Post by
madfatter on Feb 12, 2014 10:12am
why
because the venture exchange is corrupt.
Comment by
Observer10 on Feb 12, 2014 10:20am
adding to the fact that the venture is corrupt is that close to 80% of the stocks traded on this exchange are below 0.10 + EAG has close to 1/2 billion shares outstanding + cost of trading is darn cheap. So always a seller somewhere. In a "normal" environment, EAG could have reach 2$ in 2007 BUT that was then and this is now.
Comment by
AngryBird on Feb 12, 2014 11:45am
Why? Because Eagle Hill is another Southern Arc story. High grade, 43-101 or any other news mean didly squat. Hope I am wrong, but those $2 days will never be seen again.
Comment by
Observer10 on Feb 12, 2014 11:57am
Yeah, that was the good old days. Hope too you're wrong but I don't see 2$ on this in the current context. Maybe a 10 bagger woud even be too optimistic.