Interesting quote
From that Frankfurt Exchange article:
"Today, with a total turn over of Euro 5.200 Billion the Frankfurt Stock Exchange strenghtens its position as the world's 3rd largest trade-place for stocks and the world's 6th largest by Market Capitalization."
Seems like the Frankfurt Exchange might be a bigger deal than if this stock moved up to the bulletin Board. European investors are said to understand the Gold market much more than US investors in general, and the Frankfurt Exchange overall appears to dwarf the OTC Market.
One smaller mining stock I have followed is Paramount Gold. I like the similarities betwent he two companies. Paramount has a Market Cap that is roughly 20 times higher than EQBM's. I think a good part of that difference is that Paramount has ben established ont he Frankfurt Exchange for a period of time already. I also noticed that a lot of the investors and partnerships that Paramount has signed up thus far are also coming from Europe.
If this price slide has been a result of an American Hedge Fund shorting through UBSS they could soon find themselves being outgunned by much larger buyers coming in from Europe. If this scenario turns out to be true then the Short covering in combination of new buying from Europe could shoot this stock up in dramatic fashion. Definitely the optimistic scenario I just painted but one that I also believe is quite possible. I think some Hedge Funds have been shorting numerous small cap stocks with EQBM possibly being one of many hundreds. Summer doldrums is something they seem to bank on. However, they might have walked into a firefight here once Frankfurt turns up for real. If this news is as real and legit as we all think it is and there is no diltuion then some shorts could be ready to be cooked big time.
Obviously my opinions. Invest at your own caution as this one is not for the weak at heart.
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