OK my take on this is that NOBODY buys $500k worth of stock without knowing something. If you look at the depth...
V:RAM Depth by Order @14:33:20 | Bid | | Ask |
| Broker | Size | Price | | Price | Size | Broker |
| 7 TD Sec | 70,000 | 0.03 | | 0.04 | 13,000 | 81 HSBC |
| 1 Anonymous | 5,000 | 0.03 | | 0.04 | 39,000 | 7 TD Sec |
| 85 Scotia | 25,000 | 0.03 | | 0.04 | 8,000 | 7 TD Sec |
| 89 Raymond James | 40,000 | 0.03 | | 0.045 | 10,000 | 1 Anonymous |
| 7 TD Sec | 30,000 | 0.03 | | 0.045 | 20,000 | 89 Raymond James |
| 7 TD Sec | 13,000 | 0.03 | | 0.045 | 21,000 | 85 Scotia |
| 85 Scotia | 10,000 | 0.03 | | 0.045 | 50,000 | 7 TD Sec |
| 7 TD Sec | 10,000 | 0.03 | | 0.05 | 25,000 | 80 National Bank |
| 68 Leede | 100,000 | 0.025 | | 0.055 | 10,000 | 7 TD Sec |
| 7 TD Sec | 200,000 | 0.025 | | 0.065 | 20,000 | 89 Raymond James |
There is a common theme and it is the TD guy that continues to buy this company up. He is the one that has been responsible for all of the volume of late - at least on the last 3 million plus share days.
Now maybe he is just trying to buy up the company slowly. With only 29m shares outstanding the fact is that you can control ram for about $1.5m if you average a dime. Lets say he now has 5m shares, well he is getting there isn't he. Anyone know how much it costs to start a new co on the Venture Exchange? I don't but I have looked into it for a venture I was in a few years back and it takes forever, lots of effort, and $. The easy way is to simply buy one on the open market. RAM has the luxury of having NO DEBT, SMALL FLOAT, and is actually not a bad little company that should be makeing money shortly. So if you have a company already and want to go public, buy up RAM and insert assets once you control it.
There are 2 other possibliities that I can think of;
1) someone is planning on giving RAM a big contract so they are buying up stock to sell later for profit
2) someone feels strongly that RAM is soon to be profitable and they want a large chunk.
Personally I feel it's somone that wants control of the company, which is a great thing for us longs.
Now stop with the selling under a dime people, read the signals.
Other opinions welcome please!!
BC Budd...