Ann: Response to Price Query, page-34

Yes I agree, deep pockets are involved. But who's pockets. Do the pockets belong to the same pair of trousers !  

I have two questions about what's happening. 

1. If someone is keen on gathering a position, why did they sell up and get out when the 'response to price query' revealed nothing. That looks like a trader who did not want to get caught on the wrong side of there average price.

2. Who is doing all the selling ? If no one was selling, the price would be well above possibly 3 or 4 cents on the volumes. 

So it looks like a churner. Buying and selling from the right pocket to the left pocket. It produces high volumes but no actual change of ownership. In the meantime the churner is buying the weak hands and selling to the excitable.  Making some pretty coin in the middle. The churners do like a company with very very low SP. Anything under 2c fits that.   

So personally the volumes don't do it for me. I saw churning for months with XPE and we all lost lots of dough on that one. 

I don't think any serious player, as in manufacturer (not finance/stock market type), is going to be taking a position until the tech is proven.

The one hope is that the serious player(manufacturer) is seeing very promising testing coming out of the labs and getting in a little early before the results are official.  And they wouldn't be doing any selling. They would be buying on the dips. Selling down on the close. Staying under the radar and occasionally gobbling up juicy chunks that are for sale within 1 or 2 pips.   But not selling. 

Today someone is buying at .16c and no selling, so todays trading fits this bill.  Hope it continues. Hope the only shares turned over come from the offer side. Slow and steady is ok until the good announcement arrives.