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3.9¢ g medical innovations holdings limited

GMV The Future, page-1298

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lakota6

8,837 Posts.

1048

26/03/20

10:09

Post #: 43705093
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Originally posted by Galilee13 ↑

OTC markets are generally unregulated and thus the market makers can do whatever they like.

By moving a stock by such large amounts places them in the top 5 movers both up and down on the market. This volatility is used to draw interest to the stock and entice traders.

Anyway, I wouldn't take any notice of these OTC markets until you see volumes over 1m shares. Furthermore, most retails brokers in Australia don't trade in these markets. And given the stock is largely held by retail the ability of anyone to convert and then sell there stock in the US is extremely low. Couple that with the huge costs involved and I'm pretty sure we will never see any volume.

Unless, the stock is upgraded to the Nasdaq with associated capital raising on that market.

My focus is on

Yacov repaying the Magna convertible note
Taiwan registration
FCL contract
Next quarterly report
Meditel contract

All of which will be released in the next 6 weeks

Plus anything from left field.

Expand

Again , quality post.
Point 1 is incredibly important , re-issue of CN with no " floor price limit " will be devastating for this company and it's SHs , imo.

Last edited by lakota6: 26/03/20

GMV Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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