Hi All. First time poster but long time holder - since Jan 2018!
Just my 2 Cents worth on this share and its price movement....
GMV with all its missed timelines & delays has created the perfect environment for "players"..
With no Institutional Interest (yet) ....I think shares are being borrowed from large holders...sold downwards...picked up again....waiting for announcement spike...sold into again n again.. on the way down.....&... cycle repeats itself.....as seen in the past weeks.....sell at 0.14..buy back at 0.10...sell at 0.07+..buy back at 0.06+......etc..etc...
Every opening has just enough volume on the sell side to either ensure an opening of the same closing price or 1 notch lower....
Everyday is a Red Day......only announcement days are Green..... followed by Red consecutive days....with the very occasional days in between where there is either a small gain or no change.....
Every Closing is sold into at 4:10 pm....just to maintain the lowest price of the day or close 1 Notch lower.....
This has been ongoing for over a year....ever since the first Nasdaq Announcement....
It is the only share I have witnessed that hardly ever (or never) has a positive turn around day ..where it goes from -Red to +Green during the trading day...although there have been many days where its gone from +Green to -Red!!!
Until revenue or a PO is forthcoming....or stock is stopped being loaned out (IMO).....GMV is at the mercy of the "players"...
I may be totally wrong in assuming the above....but that just my take on whats happening ....
DYOR
Add to My Watchlist
What is My Watchlist?