Just confirmed with my broker which supports my earlier post and knocks down the theory that institutions are buying up big.
There has been virtually no institutional buying of the over 200 million shares traded today, a large volume of the buy/sell orders are same day. Was the same last week as well, as he said to me, Institutions have a certain charter to adhere to and that does not include buying into penny dreadful stocks. He pointed out also, that if the massive volumes of shares were indeed Institutions then with the amount of shares traded the last week there would be no shares outstanding and the price would have shot through the roof due to no free float.
RYG Price at posting:
4.8¢ Sentiment: None Disclosure: Held