well we are here but I'm not really surprised. I was able to grab 17k shares yesterday of my 30k fill that I wanted as sells continued to randomly hit bid but still not much in the way of volume here.
My fear originally when I decided to start buying into this at .28 was that 1- NGW peeps would give away massive amounts of stock or dilute themselves to finance and we would see 10's of millions of shares sold to bring us to .10-.05-.01 and below. OR OTC manipulation. often I've witnessed OTC stocks drift lower even on buying pressure and do some strange things. Fact is the market is saying this stock is worth nothing. I've seen stocks on OTC that are actually worth nothing trading for pennies suddenly go to $1, $5, $10, even $20+ with some volume. It's a joke because those are pumps but this gem really does have substantial value once you dig!!
My opinion- so far from the looks of it I still don't see evidence of dilution. There isn't millions of shares being sold daily, it's really just a few k here and there, so to me it still looks like the retail investor who had high hopes that by now he would have big gains by now and they are scared giving up and letting go of stock they bought in the .20's .30's .40's etc. Me I haven't given in or up, now I am buying again and I'll turn away if I have too. Been here before and I won't let go of these shares down here unless I see a reason too... GL folks
PS. Besides NXGWF I own just a few other penny stocks and one right now I believe is relatively close to a big move is SESN. I have made 10's of thousands off this stock on previous moves and am back in it again at 1.10 last week. I believe it has the potential to run to $5-$10-$15 over the next year or 2 as it will finally gain FDA approval for it's Vicinium (a bladder cancer drug in P3). Really not a pitch just passing along info, take a look if you want. Currently it's about $1.20...
