Post by
1wascallywabbit on Sep 03, 2015 3:10pm
Reason for Stock Price
As I see it, this price range from $0.40 - $0.48 will continue until End September, or until a new catalyst appears to propell it higher, whichever comes first.
Those that participated in the PP at $0.34 could be selling 1/4 position for instance, to book some gains in the 3rd Quarter. Lets face it, they could be making 20 - 40% on their money in 2 - 6 weeks and that is hard to pass up. They will continue their buying at the beginning of the 3rd Quarter, if they have the desire to own more.
Those that participated in the Sept 20th Warrants and have exercised at $0.40 could be selling a significant portion of those at 10% - 20% profits immediately. They too are booking Q3 profits for whatever reason.
Both those scenarios mean there could be 40 million or so Volume that would need to be eaten up by Sept 30th. Almost impossible to get thru without a 2nd catalyst coming to the table before then.
That is my opinion, and I still say $2 by year end without Buyout news. Be patient, the journey in the right direction has just begun.
Comment by
lupusalpha on Sep 03, 2015 6:04pm
US investors cannot sell because they have a 4 month + 1 day lock up on their paper. Most likely they will also not be able to trade before an AdComm meeting.
Comment by
Ghanam on Sep 03, 2015 6:11pm
Do you have a source for this?
Comment by
lupusalpha on Sep 03, 2015 6:21pm
I called the company and they confirmed it because I was also unsure about it. There is no prospectus out there that would justify to issue free trading shares to US investors. In Canada, we have 4 months and 1 day.
Comment by
Sujanstockpicks on Sep 04, 2015 4:12am
The 40 cent warrant holders could be converting. I think that's what caps the share price. There will be pressure on the stock till end of this month, when the millions of 40 cent warrants expire.
Comment by
ragingbull1327 on Sep 04, 2015 9:22am
I've been here long enough to know that some of our shareholders are retards, and they looke dumping countless shares at stupid prices. The warrants are a good explanation, but that's way to evolved for this crew......
Comment by
ragingbull1327 on Sep 04, 2015 9:24am
Aforementioned dummies have been selling their shares for coffee money since 0.15 a share
Comment by
ragingbull1327 on Sep 04, 2015 9:26am
lol, I'll never forget the day I saw Santa Claus at the Bayview Timmies. The person helped him with his order, he stared right thru them, didn't acknowledge anything, turned around like a robot, and walked to a white Lexus SUV (that should have been a Tesla). Wtf
Comment by
ragingbull1327 on Sep 04, 2015 9:30am
BNC TSX. nothing like word-of-mouth via your license plate that someone else paid for.....
Comment by
ragingbull1327 on Sep 04, 2015 9:55am
Or maybe it was TSX BNC. Meh. Whatever. It should have either been ENDOSUX or FDA2SLO, but he chose a less hostile alternative..... Can't blame him. What a situation to be in. We NEED the people that move slower than what I once thought was possible. :(