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24/05/19
09:59
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Originally posted by tt2000:
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Yes I've heard the "accumulation" theory all the way from when GMC was $0.042 to now $0.005 If "accumulating" is always accompanied by such a large drop, then best wait for these "accumulators" to finish "accumulating" because whatever they are doing is driving this down? I personally think the fact that it has dropped so much, clearly indicates selling. If someone was accumulating we'd be seeing an upward movement No news today that GMC received their commitments of $3.25M which were due today. Surely the commitments haven't been delayed, extended or terminated? Has anyone spoken to the company. Could be nasty if they haven't received this cash inflow, given their liquidity requirements due to their debt (aka working capital)
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I said it doesnt take rocket science to work out what is going on with accumulation and big off screen buys into 0.6c. For some like yourself maybe i was wrong, it obviously does.