RE:Quite a Stir Thor!Smokey1958 wrote: For a few days you and I were the only ones posting here. What happened?
Momentum, algoritms, continental distribution. analyses .....no one was going to know the absolute financials until the DEAL is DONE. EmersonGrow is a private company and Sensors Technologies is not. One is a public company struggling for direction, the other is a private company wanting to go public. A symbiotic union beneficial to all.
As for the deemed valuation. I'm going to suggest the numbers of $20million and $.15/share weren't just pulled out of a hat.
EmersonGrow has a US distributor that seems to be doing very well ....is in a tough market ....but from what little we can glean has significant upside. At the end of the day Morningstar has a Fair Value sp of $.08 and a speculative 1-star valuation of $.29. Barchart has a 100% Strong Buy and in the top 1% of all short term signal directions. The resistance levels are at $.06, $.07 and $.08 ....so these three analyses seem to be painting the same picture.
Friday wasn't an aberration, it was a significant push against a strong wall. A steady but sustainable climb this week will support that notion.
The positive from the discussion ...is that there's finally a discussion. Any info that can be shared that supports ones own DD is never a bad thing as long as it doesn't stoop to sandbox antics. Thanks to all who contributed today. It has cemented my long position in SENS even more.
Cheers ....and GLTA at market open tomorrow.
At least you and I kept it civil..