For weeks now,there have been more sellers than buyers.As has been evident in the last few days,the price can run up quickly on not much volume.If any one wanted out in a big way the price would come back to earth sharply. What I think you will find, is that all the major &/or large shareholders are in this for the long term,good or bad. By the look of the recent issue,most of them took it up & are sitting tight. Small holders are selling some,but even they seem to be holding off for now.
It seems to me that someone knows something. In a week of mostly red ink,Mikoh has risen nearly 100%,& hardly a seller in sight. I also am at aloss to know why,but stocks like this don't just have a run for no reason.
sentabool,if you look at the Sirit site ,it shows that the Mexican deal is with their partner Axiompass. I did not see Neology anywhere. Either way it seems mik did not participate. Who knows??
I guess we will find out in next few days,as the ASX will ask for a reason for the sudden rise,especially if it runs again tomorrow.
The company is only valued at $21.5 mil,so if they have something good,there is plenty of scope to go !!
MIK Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
