John, I will be the first one to admit that personally I do envy you for such a marvelous gift that you possess, which is writing. Certainly I will not try to take anything away from Don H, but IMO he would face a heck of a challenge if he ever attempted to outperform your truthful, down to Earth, full of undeniable facts and step by step analogy style of writing. Your involvement, effort and time spent is greatly appreciated by many. There isn't much I can add to your post except maybe one thing. I had been asked by some shareholders to explain the volume of trading, which some days appears to be heavy. John did touch on that subject in his post. All I can add is this:
In my view the volume is normal considering the stock split factor.
We cannot expect investors to stop trading in the stock all together.
Investors are selling for many different reasons, be it a financial hardship, nervousness, lack of patience or simply hope that the price of stock will decline and they will be able to buy it back at the lower price, pocketing the difference.
The latter is a false and dangerous assumption. Anybody familiar with the NASDAQ and related exchanges knows that price moves on those exchanges are much greater then we are accustomed to on Canadian exchanges. Unless of course two banks decide to merge. Daily jumps in stock prices are in dollars not cents.
A common occurance in the stock market is a situation when a particular stock is either being oversold or overbought. Any increase in SGGNF's trading volume we are seeing is an indication to me that we might experience an oversold situation. If that will prove to be the case, it will signal to me that the price jump of this stock will be much greater then we expect. Normal and quite humourous investor's reaction in that situation is panic buying at any cost in an attempt to get back on board and fear of missing the boat. My attention is slowly shifting away from short sellers (looks to me that they are overwhelmed by the trading resumption of SGGNF and new positive company developments, and are still hoping in vain for some, any kind of miracle that would wake them up from their nightmare), to "sight seers" that are leaving the boat. These two factors might prove to be extremely rewarding for us.
Despite the popular belief, this company has a large following these days and is attracting a new breed of investors. Ones that are very familiar with the history, present situation and the future potential of SGGNF. For one share that is sold one is bought.The simplicity of it indicates that indeed there is demand for the stock. As shrewd investors (wolves) will tell you, when one of them buys, low price is what they are after, and any weak, inexperienced and nervous investor (sheep) will become their prey . Did you ever wonder how all those "sheep" that were selling for $ 1.00 or even $ 2.00 feel like today ? Probably pretty shaved and bitten, wouldn't you say ? How about the triumphant "wolf" ? Don't get fooled, he is still waiting for more sheep to come his way.
I would suggest that each of us print out John's last post and if ever in doubt in regards to the direction this company is going, read it. Look what this company has achieved so far and the progress it made despite all those obstacles in it's way and all those full of BS nyet sayers.
This boat is slowly leaving the harbour. The more people are getting off to sight see, and the more people are waiting on the shore for the last minute to buy their tickets the better for us it is. The farther away this boat sails from shore, the more expensive the tickets allowing back on board will be. As always, the choice is ours. Check your tickets and get ready to sail away.
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