Delta Mining & Exploration (fka DMXC)

[ImakeMONEY]

Well, as 3 general rules, if the float is staying constant and churning among the same group of 100 shareholders with no material changes the price should stay relatively unchanged. If the float was somehow being bought up and there were less shares available in the market the price should increase (as is expected to happen when positive news draws more interest and investors). Here, there is increased trading volume and the price continues lower. Simple and most common explanation in the absence of bad news or something which would cause existing shareholders to sell at a loss, is that new shares entered into the marketplace and were probably bought up by the same 100 shareholders hoping to average down.


Not always true, and nothing with pinks is ever straight forward, but in light of recent financing and trading patterns, I'm sticking with my estimate regarding the outstanding share count (1.5 - 2 Billion) as the source.


Robert