Shorting merely stifles a company's SP and MCap. It doesn't hinder a company's progress or prospective success at all. It certainly serves to create a false perception that "not all is well" but that is part of the game. It lines the perpetrators' pockets with profit (in the process) during the slow and tedious times... suppressing the SP to facilitate the hoarding of more and more shares. There are some very experienced and clever operators in the trending penny stock sectors me thinks.
EGR is clearly winning hearts and gaining brownie points on a state and federal govt level and on an international level. Epanko sure is looking ripe now to get the green light. There appears to be interest by logistic companies in Tanzania keen to promote EGR too. That is a very good sign.
Of course, the Chinese would be averse to seeing EGR start up mining in Tanz and see a BAM facility constructed in Australia. But, I just don't see that the shorting activity as being at the hands of China. Sure, its a possibility but I think its much closer to home. Hell, anyone can a short a stock. Anyway, its good to know that EGR is advancing on all fronts in leaps and bounds.
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5 | 101704 | 0.135 |
4 | 179000 | 0.130 |
1 | 200000 | 0.125 |
1 | 200000 | 0.120 |
Price($) | Vol. | No. |
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0.145 | 83317 | 3 |
0.150 | 36926 | 3 |
0.155 | 51152 | 4 |
0.160 | 248395 | 10 |
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