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SAGD – unusual EOD trading activity

13 Jun SAGD – unusual EOD trading activity

South American Gold (SAGD) suddenly saw 4,468,613 in volume near the end of the day today out of no where after months of inactivity.

SAGD sat at $.20/share for months before 20,000 in volume on June 8th brought the trading price down to $.10/share.

At the end of the day today another 4,468,613 shares suddenly traded hands seemingly out of no where bringing the share price down further.  SAGD closed today at $.0389/share.

So what is going on with this unusual trading activity?

Debt Holders bringing down the stock price before debt conversion?

Some kind of positioning being done with the stock price before a paid promotion?

Maybe some shares became unrestricted and the shareholder(s) couldn't wait to unload their position(s)?

I'm not seeing much in the filings at this time to explain the unusual trading activity, but activity like this can't be completely ignored.    SAGD will be on alert for the next few days to see what happens next.

 

 

1Comment
  • nodummy
    nodummy
    Posted at 09:42h, 17 June Reply

    SAGD has continued to tumble now down to $.0057/share.

    From no volume for months and trading at $.20/share to sudden heavy volume the last 3 days and a decline in share price of 97.15%.

    I’ve never seen anything like this. Obviously somebody is diluting shares like mad with no regard for the share price.

    This is like a train wreck…. you just can’t look away. So I’ll continue to watch this to see where the bottom ends up being and what happens from there.

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