Long and Strong here as well. The Europeans may have bought up to .10 or .12 cents but they bought the bulk of their position MUCH lower. Look at the chart and volume back 17 months ago. They started buying sub penny so their avg is pretty low. I'm not saying they're selling and supposedly the European mentality is to buy and hold. I've accumulated a BOATLOAD of shares and bought more today. Somebody is either selling or it's being shorted. There is no other explanation. The company isn't selling. (Call the Transfer Agent / Ungagged TA) The float is only around 50Mil. The Accum / Dist is UP and climbing and the CMF is positive and increasing. My belief is that the Europeans have the inside track when it comes to information on the company. Most of the Directors are European. The Euro Investors certainly got the tippoff last year before anyone else. If a European Investor knew the closing date wasn't for a number of months they might be shorting this knowing investors would not be happy. That is certainly one plausible scenario. (American's cannot short an OTCBB / Penny stocks)
Message to European LONGS: The float is not getting any bigger. You can purchase twice as many shares this month than you could last month with the same investment dollars / euro's. Take advantage of the low PPS and increase your position and take further control of the float. It's my understanding the Euro's own about 30Mil of the 50Mil float. So for a minimal additional investment you could own nearly the entire 50Mil float at the current level of pps. If it's going to be worth $4.00 in a year from now you would be wise to protect your investment and increase your position. Since you are not, it's making US investors nervous. Something isn't adding up IMO.
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