yeah, my guess is "the company" ! (not some Algo, etc . .)
It makes perfect sense. They have to pay bills, so they have to create new shares and sell all of the time. However, it also explains why the offer price is quick to jump up a bit, when they are able to entice new money/newbies into the shares. MY question is how many "new" shares are being created and when will the dilution be announced? (The prior financial report made it clear they have NO incentive to tell shareholders as it is happening, but I suspect they will have to release this info in the next financial report)
I tried to warn you when the canadian's stopped trading on the stock - as far as I know, trading has never restarted on the Canadian exchange. That either means they either have info. they don't want known or they don't have the money/skills to provide the info./financials required. Neither is good for an investor. The lesson learned is that when a stock is halted because of "non-compliance" issues you RUN ! (I personally waited a bit for the Canadian exchange to respond to my email)
I keep trying to get my son "out" of this stock. (ie When you are young, you always think there are easy ways to get rich, and don't want to listen to more experienced investors on how important it is to constantly research stocks and hold mgmt accountable for the "demonstrated performance" on what they say. Bottom line: Mgmt is not credible.
As long as people are willing to keep handing over their money to them, I am sure they will keep playing ping pong and may eventually announce something, but by then the first $1,000 of profit may be divided by billions of outstanding shares. Then . . the "original" shares come off the "lock-up" period. Not a rosy picture
PS PLEASE DO YOUR OWN DUE DILIGENCE - THESE ARE JUST MY OWN VIEWPOINTS, BASED ON 40 YEARS OF INVESTING. THE KEY TO WEALTH BUILDING IS AVOIDING MAJOR LOSSES, SO ALWAYS KNOW YOUR EXIT POINTS.
