GRVY has a major holder in Moon Capital. They sold heavily into the last two rallies above 2 that GRVY has staged, 384,392 shares in August and 394,100 shares in October. Both times killed the rally dead in its tracks. That leaves them with 1,589,256 ADS equivalent as of the last filing.
Moon must be having financial woes because their cost basis is 7+ all bought in 2006.
If Moon ever gets sold out completely, I agree the price could really fly. Also the release of Ragnarok II which has been delayed forever it seems could be a strong catalyst in 2010 IF it finally gets released.
All imho and Good luck,
Vic
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