I guess we have a different definition of "barely traded". It was $2k/day as a shell before the announcement and now about 10X that, with even much higher volumes before the recent melt down.
And the 130MA is FAR more meaningful, since it accounts for the ENTIRE time it was trading on the new information of the Delfin purchase and not the period BEFORE the announcement. So I think you'll find the 200MA is the cherry picked number.
Are you suggesting that there was someone trading in May on inside knowledge of the Delfin deal? Interesting. We know it wasn't Delfin because of the form 13 filing. Maybe the SEC should look into any large purchases during that time frame.
since it's really just a shell and not yet a stock, the chart has zero value, so bravo for that observation. remember folks, these are still unregistered shares, I think there's a good chance that they will become registered, but that's not a guarantee...if and when they do actually become registered...who knows? oil is at 80 a barrel, looks like its time to ..... or get off the pot
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