Hi, Morag -
"I guess what the current share price and volume is telling us is show me."
Agreed. Well said.
As to "Where are the buyers?" - well, DMX has sold more than 4 million shares during the greatest Bear Market in recent history. As TMM9 pointed out on Stockhouse -
"A while back I was very unhappy with the BOD and management. While I am still unhappy with the uninspired BOD I recall comparing the BOD and management of DMX to VAS. The latter IMO being exemplary. Well VAS is trading below DMX now. Indeed VAS did a private placement in spring at the $4.80 level and the shares are currently $2.60. Presently I am very much on the pro REK camp"
Where are the American buyers? The institutional buyers? They are very good at hiding their buys - how many people even guessed at the extent of the Canada Pension Plan's holdings? (Thanks, for that, Joe).
And finally (where are the buyers?) - I think Wolf's post on the subject, which I have quoted for months, is the essence of the matter. For the institutions, DMX at $5 or $6 - with approval - is a better bet than DMX at $3 - without approval. Exactly, Wolf.
"On the other matter, REK's holdings I know there has been a lot of debate about the transfer of her shares. If her shares were actually sold on the market it would have been even more disruptive than AW."
My, oh my, it's nice to hear someone say that! You are the first poster (that I can recall) who has ever confirmed the fact that sale of RK's shares would have meant the sale of more than 50,000 shares a day, for more than a month of trading days.
The shares were transferred - that's obvious. There is absolutely no evidence to suggest that they have been sold.
There are a lot of unknowns in DMX. Many posted thoughts, and opinions are treated as "facts" - when they are not facts.
Anger and frustration are no substitutes for thinking clearly. Many conclusions about Acqua are suppositions: not facts. I have yet to see the proof that Acqua was the wrong decision. Personally, I don't like it any better than others, when the price gets scuppered: but the reality is, the price is holding up well, in a BAD market.
Good, level-headed post, Morag. Well thought-out. Thank you.
Jim |
