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Re: InTheDeepWater post# 18314

Tuesday, 04/07/2015 3:21:32 PM

Tuesday, April 07, 2015 3:21:32 PM

Post# of 21090
I think that is just how these OTC stocks trade. The Market maker keeps a big spread so he can make a living by pocketing a portion of the spread on each trade.

There definitely seems to be accumulation going on as opposed to distribution that one might expect on recently delisted stocks.

I am optimistic that this can trade much higher on even a tidbit of good news which could come from a number of sources such as;

1) DOJ resolution
2) Tullow moving forward with drilling plans
3) buyout rumors
4) Guinea announcing end of Ebola crisis.
5) big rebound in oil prices