RE:What happens next?loonwatcher wrote: A private placement @ 50 c or more , thats only a market cap of 7.5 mill, got to be worth more than that!
loonwatcher - A private placement at the level you are inferring to is a no go. If somebody sold 11.5 K at market it would take the stock down to 25 bid. I do not think you could find willing parties to pony up 50 cents a share when the actual market value is closer to 25 cents.
At the moment this stock is more or less illiquid. The anticipated coming PP will inject some liquidity to the issue. Don't forget, after the PP is done there is a 4 month hold on the stock before it becomes free trading.
FarmerInvestor is correct in saying that we need some type of catalyst to bring attention to the company. The lack of liquidity, lack of news, and lack of trading may have a lot of folks looking in another direction in a hurry. That is just my opinion.