As far as the GBDX chart goes, yes it is a Dragonfly Doji, but if you look at the chart, everytime it has had a Dragonfly Doji in the past, it has been followed by a red day. Plus, a Doji needs confirmation, so Monday will confirm a reversal or not.
As far as GBDX gagging the Transfer Agent, I'm not a fan of them doing that. I found some good examples of what gagging the TA means most of the time. Now, everyone has seen the large sells going into the bid, look at EOD on friday. Look at the large volume the last couple weeks. When I called the TA last week, they confirmed the O/S of GBDX at 355mil, but that was as of Jan 31st and had not been updated. So all of Feb the O/S could have been increased and no one would know.
From a letter to the SEC I found online.
"7. Require that corporate transfer agents make public through the internet
a daily count of shares issued by any companies that are traded on the
OTC-BB and Pink Sheet quotation services. Companies crying “naked shorts”
while massively dilution their shares commonly gag their transfer agents
to disguise that fact. To give on example, one of the more public claimants
of a “naked short” in the company’s 8 penny stock has, accounting for
the effects of three reverse splits, issued the equivalent of 26 trillion
shares while maintaining a gag order on its transfer agent. That company
is at least fully reporting, and is required to make quarterly disclosures.
Pinnacle Business Management, which I will list by name because of the
frequent comments to this body by its shareholders who are convinced
that they are the victims of a vast conspiracy, gagged its transfer agent
and secretly increased its issued share count from 400 million to 24.5
billion shares. As a non-reporting pink sheet company it was not required
to disclose this far from trivial fact."
From Gary Witt.
"One sure way to know if dilution is going on is if the TA is gagged."
I believe many of the stock boards here on Ihub say the same thing. Just go check out Stock Lobsters board.
Now, I know I'm going to get called a basher for this post, if it is not deleted, but this is just a post of caution to help you all realize that you should be trading GBDX wisely, and understanding that just holding with red flags like the ones for GBDX can get you hurt IMHO.
Thats is all!
Best,
Spec
