InvestorsHub Logo
Followers 183
Posts 41499
Boards Moderated 6
Alias Born 03/21/2012

Re: bar1080 post# 83241

Saturday, 09/22/2012 6:34:25 PM

Saturday, September 22, 2012 6:34:25 PM

Post# of 162660
You're right, I have noticed the last minute buy every day on GDSM, and on the other shady mining stocks that I pay attention to. I think it is called "painting the close", right? I assume it is for a psychological boost to investors, to show confidence in the stock, etc.

With 4-5 million shares trading hands daily on GDSM, how hard would it be for someone to dump 1 million shares a day (or maybe every few days) that they obtained in a 15:1 conversion? Would it be noticeable? And how long would it take to dispose of, say, 120 million shares? You know, the ones they converted from 8 million Preferred Stock shares they acquired via a $50K check this summer?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GRLF News