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I just got back home. To answer

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LivingTheGoodLife Member Level  Wednesday, 09/13/17 09:50:44 PM
Re: GRODT014 post# 118889
Post # of 159046 
I just got back home. To answer your question, we have to go back to the month of February. There were a few days when the volume was very heavy and over 700 million shares changed hands below .001. I believe that there were numerous people who owned millions and millions of shares, from that exchange, in the low to mid trips.

Having too many people, holding that many shares in that PPS range, can create problems for effective growth of the company. The object of a company is to have as many investors holding fewer shares as possible, so that no one investor can affect the share price when they decide to sell their shares. Imagine what would happen to the share price, if someone with 20 million shares decides to get out, all at once. The PPS would plummet dramatically. Compound that by numerous traders, who are holding similar positions, deciding to get out, when they see the stock price plummeting from the first investor's decision.

So to answer your question, it isn't a matter of whom, it is a matter of weeding out the low trip traders and setting a much higher support level, with more investors holding fewer shares.

DOLV, patient, long, strong and soon to be golden.


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