Wednesday, March 16, 2022 5:05:57 PM
Not denigrating anyone or anything. Often these transactions are dealing with the smaller volumes that many shareholders do not find appealling. I am only pointing out that there are different levels of stimuli needed to get some folks interested in what is happening. We are not trading XOM here, so a 10,000 share trade @ 0.0115 is only $115.
So to some, any activity less than 250,000 shares or even more, regardless of the price, is of very limited interest, so they do not participate. That means they are not sellers. So they supply no shares to buyers for purchase.
And they may not be buyers either. With holdings that are most likely already large in size, they may not see the need to increase their number of shares. They could just be content to hold what they have and wait for drilling news. Then a discovery. Then production. At that point, I am sure their interests will pick-up.
I suppose what I am saying is that perhaps, at prices this low, there is no incentive to buy or sell small volumes. And maybe not even large volumes. Sadly, some shareholders may be underwater from their purchase price, and so they might be even less inclined to sell at low prices.
So I think the ‘no buyers’ issue is due largely to ‘no sellers’ (at prices too low). Only a few seem willing to sell cheap and maybe the number of shares they control is limited. And possibly being reduced with every sales transaction, depending on the focus and goals of the buyers.
Just a thought.
Mrs. Smith
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