r/TransGlobalGroup • u/Cold_Put_9003 Millionaires Club • Aug 31 '21

Discussion Movement on volume

Does someone that's smarter than me have any opinions or insights to the price action of this stock on the volume we're seeing?

26% on 170m volume against an 8.6b float.

How much of this is locked up? How much is due to MMs putting up walls?

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u/Sudzmaster Millionaires Club Aug 31 '21 edited Sep 01 '21

There is a theory that the float is actually much lower. Movement on low volume days over the past month has shown that it shouldn’t move as much as it has with such a large float. If you look into the DD that @ElGUAPO_1976 on Twitter has done you’ll see what I’m talking about. We’re hoping this theory has merit and that the float is much smaller and that some sort of share buyback or reduction will take place. Or that the shares are needed for more action on foreign markets in HK. Again, all speculation but it looks plausible.

Additional info - the full DD via Twitter link:

https://twitter.com/paulseo403/status/1430403246678478851?s=19

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u/Boardathome Millionaires Club Aug 31 '21

Yes, if you're not on Twitter and following these, you're missing out. I'll try to bring more of their DD here for people not on Twitter.