Home > Boards > US OTC > Miscellaneous > Wialan Technologies Inc. (WLAN)

Well, one thing is evident, IMO, and that

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phillymike Member Level  Tuesday, 03/26/19 07:19:42 PM
Re: nsomniyak post# 92701
Post # of 92759 
Well, one thing is evident, IMO, and that is WLAN continues to masquerade more akin to a big-board stock, trading wise, as oppose to the sub-penny equity that it is. As we all know, a great deal of OTC's have bloated share-structures, which trade 10's, 100's or even 1,000's (billions) of millions of shares, daily. It's nothing to see 8-9M shares or more on BID with them, only to be flipped in and out, seamlessly, by day traders.

As Ettan referenced, the 8-9M shares that appeared on BID for Wialan a few sessions ago, was noteworthy for this micro-cap, in that it felt more like a longer-term "investment" by someone, as opposed to just a flip. Being WLAN is illiquid, possibly tightly-held and quiet on all news fronts at current, someone trying to purchase an approximation of the aforementioned amount of shares, sticks out like a sore thumb.

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