Re: Answer to lvargas' & risingstar's question to management [5.30.2018]
posted on
Jun 04, 2018 07:36PM
Combining Classic Mineral Exploration with State of the Art Technology
Maybe you didn't notice that there has been one seller offering 10s of millions of shares daily since about Wednesday - one person, and the demand is just not there to keep up the price against that kind of selling pressure. That is the reason the share price is falling. Next time you want to complain, please take time first to look at the whole market. You may then feel differently about what you are at first tempted to say.
BTW, that seller is not too knowledgable about selling stocks, as his approach is hurting him. He may well do better offering a million or two share per day instead of chasing the price lower as he is doing. People see that kind of dumping and they, like me, merely wait, as that person is "selling against himself". Otherwise, one has to conclude that this person got himself into a pinch, and can't take the time to manage his selling to get the highest prices possible. Either way, this IMO is good for those who want more shares at lower prices, given we saw 19/100ths the other day, and 14/100ths for a time today.
On another matter, people who provoke a non-news news response by their questions will find that a reply merely tells the market that there is no substantive news arriving in at least the next couple of weeks. That, too, causes the price will drop. For my part, I'd rather hear nothing than a non-news news item, because it kills hopes for substantive news arriving soon, and the price falls.
I can't complain too loudly, though. I bought a bunch at the low today, and again adjusted my "stink bid" to a lower price. And I will continue doing this until the price rises, or until the price drops on volume from multiple sellers (which I feel is unlikely to happen).