RE: Odd lot sale Friday at 38 centsOnTheIce--...is there any way to determine the party(if there is one.) that could be driving the price down?
If you accept the premise as I do that the company has what it says it has, then it becomes obvious that certain individuals, who have been bearing the stock for years, have been working for interests that want a piece of IBR or better yet the whole company.
As long as they can plant bearish material on this forum, the stock price remains low and they feel they have a good shot to accomplish something. However, the management, being absolutely confident of what they have and its value, refuse to deal at what they feel are bargain basement prices. As a result, we have had an impasse for some time. My own feeling right now is that they only need one deal to break out and I can't help but feel that it isn't far away.
I believe this company's stock is in a position to explode upward and I still look for an initial move to between six and ten. Remember that for the last two years or more, a lot of people have been promised and paid a lot of money to hurt this company. When something isn't worth anything, you just don't attract the kind of hired hit-men who have been active here.