RE:Massive LOIManipulated wrote: Share price should be sitting at 8 to 10 cents with the LOI pr. I'm not a fan of LOIs but this looks to translate into a big sale... quote from pr....
The Director General and CEO of LCDA stated in the LOI, "At your earliest convenience we look forward to furthering our discussion to enter into a purchase agreement with LCDA for the purchase of Star Tracking Systems, which will also lay a foundation for strong and positive relations for future engagements."
I look at price action. What is bought and what is sold not what is written. What I saw was massive volume before the press release came out with a very nice shareprice increase. It even got exciting for a few days. That tells me some people knew something was in the works. Then when "the massive" news came out a group of people sold off into a certain hype on the "massive"news. Then of course a pp came out. With all that said I am willing to keep an open mind on this press release, but i am keeping a calm demeanour until the shareprice actually goes up and holds to substantiate the pr's we have been getting. Like I have said before the company is moving in the right direction, i'm waiting on the sp to show us some positive too.