Today's ActionWell it was looking great for WV today when it was up at $12.25. Then we pulled back a bit. Why?
Simple. The overall market went into a tailspin this afternoon and WV WAS affected. I've noticed that WV most often trades in the direction of the NASDAQ (maybe some foreshadowing here?).
Anyways, forget about the closing price, today was truly a historic day for Wavve. They now have some capital to play with and start building out some data centres. It may take a few days for the market to wise up this, so use those few days to accumulate more shares. My guess is we will get CIBC and RBC coverage within two weeks, then look out!
I'm still trying to find out about the possible over-subscription but won't comment until I get SOLID INFORMATION.
The bottom line is that WV got net proceeds of $47 million in their 1ST ROUND of financing. That's close to $1/Share in cash guys. They are starting to get major respect in Canada, the land of the ultra-conservative investor. Just wait until they float financing offerings in the U.S.. THINK ABOUT HOW FAST WV CAN GROW WITH $100 MILLION IN FINANCING.
So let's see, great management, solid financing, a sound business plan in an exploding market. And we are merely staring the journey! I love it!