I'm sure it is partially to do with the lack of updates from the company... BUT
If there was another penny stock that had 40% of a flagship project, and it came to light that a powerhouse of a company had bought the other 60%, the penny stock price would massively increase (like 400-800%). Imagine if a BHP, or Rio Tinto, bought into a penny stock's project.
The Villar Group is the Phillipines version of just that... yet the company update that The Villar Group had bought the other part of RTG's flagship project hasn't secured any market interest...
This is a sleeping giant.
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