Don't blame the shorters or the Canadians. It's the Chinese who's selling this stock!
Anyone realised that Fengli Group, who owns more than 21million shares at 4 July has almost nothing left now?
There seems to be no new major shareholder from the capital structure disclosed, so all the dumping was on the market...I heard rumors that Fengli was in financial stress and that may explain the dumping. Otherwise I really see no reason why this share should be sold off so heavily.
GXY Price at posting:
15.1¢ Sentiment: Hold Disclosure: Held
