GREY:EORBF - Post by User
Comment by
hellohellokittyon Dec 16, 2014 12:01pm
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Post# 23235826
RE:tax loss selling
RE:tax loss selling
clubhouse20 wrote: with the delay in start-up, it is obvious that tax loss selling has taken hold since there is plenty of time now to reload for those who wish and believe before any product is produced.
I not sure when the anticipation for production start will start to reflect in the price. There is two upcoming events that are critical and may hold back investors. First, the financing (are we going with Crede or a bank loan), investors might want to invest after the certainty is known. Second, the European supplier, who delayed shipment until end of February (contrary ot the initial timeline they communicated to Orbite), can be late a second time.
That said 0.22 is a very cheap price, so I except to get it back up in the .30 in January. If we go for Crede, I wouldn't be suprised to see the price back at .20c. If we go for a bank loan then we are back in .70