Maybe a lot of holders are simply planning to leave them in the bottom drawer until the takeover bid turns up ? Wasn't that the original plan ?
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Lack of liquidity can also play to your advantage if the company is doing the right things. It just comes down to the results the company produces and how long you are prepared to hold on to the shares.
For somebody who wants to hold to shares long term, taking 7 days to eventually sell the shares isn't really an issue. No doubt it is a big issue for a share trader.
Thanks for the comments on the discounted candles Ratkin. It's probably not such a bad thing they are trying to move their stock at a discount after the Christmas season. I'd be far more concerned if they had adopted that practice during the silly season itself.
Exactly and they were mine , i can easily prove it if you like . Had an order in for 5000 last sold on feb 2nd , had 200 left over that sat at the front of the queue for the next week without sellling. Yesterday somneone jumped in front , wanting to sell at .95 . So i sold the remaining 200 on market yesterday at .93 cents , that sale is the reason the price dopped yesterday fromn .95 to .93
Dont appreciate my honesty being bought into question
All i said was it took seven days to sell 5000 shares
Happy now?
A quiet thread, even after yesterdays anns
Mike Taylor is a sharp operator so he must have seen value somewhere. The SP has pipped up today too.
I haven't been following ECO, but Geoff Ross? (Level 42 guy) is a great marketer.
I'll be paying more attention now though ;) perhaps I'll start by reading this thread
Oh well the thread was a short read, not much going on.
Yes, the liquidity is almost non-existant. I do hope MT knows what he's doing.