Replies to post #37370 on Momentous Entertainment Group (fka MMEG)

[sirglenn]

Thanks for the return ramble - and yes, that is precisely why I was so mystified by yesterday's price action. The weight of all those converted shares should be pushing the share price down at the end of a share conversion, followed by some thinning volume like a newborn calf finding its legs as it resets for more active retail trading again. If it is true that that the conversion has finished, a huge PR is usually put out hyping the end of the conversion, announcing major news or having every pump imaginable employed to get the thing moving in the right direction again.

Here, there was no news (that I could find) and yet MMEG still took off like a Saturn Five rocket engine. It was like the retail investors were not even considered and that is why I was instantly thinking of the possibility that something quite unusual occurred. In my opinion, the money spent yesterday was not retail money. Now it could have been a pod of whales (or even a mega-whale); however, in my experience they are not able to use Form Ts for trading, nor do they acquire without any solid news. So while I may be sober, I still have a trading hangover. JMO.