Dec 15th Report May Move SP UpThe Oct 31 report showed a 42% reduction in expenses as well as a 55% increase in net sales. If the Dec 15th report again shows progress on the improvement to expenses and reports a net sales revenue number higher than any of the trailing 4 QTR report total (gross) sales then it will be another flag to the market that the shares are grossly undervalued (as they are today). This may result in more institutional buyers coming in as well as institutional short positions buying back their shorts
The float on this stock is chewed up, meaning no shares available unless released by those who hold them. The tipping point for a short-squeeze (dramatic upward price correction) is extremely close so we may see a long over due run on the SP prior to the Dec 15th report.
Any price held over $1 USD (apx $1.38 CDN) will advert the need for share consolidation.