Friday, May 30, 2014 12:32:49 PM
A trip can't be much more than spec play regardless of how good or bad it might look and there are a lot of trips that look much much worse than KGRI The problem right now is that there are so many flippers on the ask all trying to get a quick flip. If they would raise their bids or at least hide them they would have a better chance of getting filled. Right now, there are 5 bids at 54 mil on the ASK. Nice to see that there is no VNDM Market Maker anywhere because their presence is often is accompanied by dilution.
See exposed level 2 below:
Here are some DD links for your convenience:
Authorized Shares...5,000,000,000 a/o Sep 30, 2011
Shares Outstanding 3,179,344,903 a/o Sep 30, 2011
Float______________1,500,468,500 a/o Sep 30, 2011
http://www.otcmarkets.com/stock/KGRI/company-info
http://www.allotcbb.com/quote.php?symbol=kgri
http://stockcharts.com/h-sc/ui?s=KGRI&p=D&yr=3&mn=0&dy=0&id=p11629803810
That being said, I think KGRI has a great chance of running nicely if it gets some kind of news. filing or a widespread rumor and of course decent or high volume... imo
My Trading Philosophy
Remove One
• Big Winner • Small Winner • Small Loser • Big Loser
• Opinions expressed by me are my own and are not recommendations or suggestions to buy or sell any stocks
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