WPG 0.00% 1.5¢ wpg resources ltd

wpg, page-8

  1. 1,591 Posts.
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    I think a good quarterly of cash flow or two, and then catching some brokers eye who will recommend it to their clients, who then thinks its a good idea to put 10% of their portfolios into WPG. $1M inflow of capital into WPG represents demand for 12 million shares. There's currently roughly 2 million shares available under 10c for WPG on the bid-ask table. As those new people buy into WPG, the price will go up until enough of us are willing to sell to them. I think this will push the trading range to 10c-11c. This advance will be spotted by day traders, who will jump into the stock, and then FOMOers, and we might get another temporary euphoria phase up to 13c before settling back down to 10c.

    I'd think that'd be the mechanics of how it would work, if everything goes smoothly.

    The next quarterly is due end of July.
    Last edited by meric: 03/06/16
 
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Currently unlisted public company.

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