indeed seller is gone,
or at least stopped dropping the ask,
which was totally unproductive for everybody involved with
SNLS, including himself.
Longs?
don't like it down this much, loading cheapies is fun but stock also needs to run to be able to make a profit.
Shorts ?
There are no shorts in SNLS there are simply no shares
to rent, nowhere not even in those special day-traders accounts;
so shorting is impossible.
P&D's?
Impossible too, there is nobody that could pay for a promo,
and the total size / value of all shares is so small its of no benefit for such a bigmoney guys.
Dilution by toxic finance, notes etc?
Also impossible there are no liabilities anymore, and no
warrants, notes or new or free shares that can dilute the OS.
Flippers or scalpers ?
With a very short sight, not likely
if you do some DD you'll see this is an easy multibagger, ( for the patient peeps) but not a flipper stock, flipping 10% can be enough for some, but flipping 100$ or even only 100 shares brings you no real net dollars.
Old bagholders ?
If you bought much higher years ago,
2 cent or 1 cent does not make much difference, butt,
1 week or 1 month to sell your leftovers doesn't matter either,
so set a sell @ 2 cents and wait till its gobbled up is easier then hunting the bid and it gives more then double amount of dollars back.
So that seller that kept squeezing the ask down lately must have been nuts. But we'are not gonna discuss this unknown guy any further, since it looks like he's done & left.
Lets pull in some attention, do your trading buddies a favor & tell'em about our under radar stock. And lets run this up to its true value, which is far above 5 cents
( aka a potential 10 bagger ! ).
Post about our gem on your twitter or facebook or forums and chatrooms, we're taking off from here, are you loaded yet ?
;-)
Brico
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