Except for a period in Dec 2012 The share price was last below 30 cents in Feb 2006.
So nearly all shares purchased in the last 6 years have been purchased above 30 cents.
My question is where are the sellers coming from. You would have to think any seller would be losing money selling below 30 cents.
My only answer is HFT where they are taking minute profits many times over and killing any value.
Never again will I invest in a non dividend paying stock that has any hint of HFT. This only appeared to happen in GBG in the last few years and look at the share price in the last few years.
All they are doing is stopping investment in companies.
Cheers Gmac
GBG Price at posting:
27.5¢ Sentiment: None Disclosure: Held
