RE:Insider ActivityT agree with what you state.
My only concerns with this company are; 1.Their high receivables as stated in their 2nd qtr (June 30th) report. 2.The strategy relative to the really early reporting of the 2nd qtr results.(NR on July 7th and posted on Sedar on July 11th). No one on the venture exchange reports within 1 week after the close of the qtr. .
What is also confusing is the announcment of the PP at the 25 cent level just before the release of the very successful 2nd qtr results which they must have known would have a positive impact on the share price.The norm would have been to issue the 2nd qtr results and then issue the PP at the higher level.
The obvious reason for the PP is to provide working capital due to the cash tied up in receivables. I would think that the PP has to get repriced or the share price has to decrease to the 25 cent level.
They certainly have a good client list and a low share float and these factors originally convinced me to become a shareholder. Now I wish I knew more relative to the receivables
In summary, I believe at this point the share price will move sideways or decrease unless additional orders are announced as more financial news will not be available before Oct-Nov.Payment of receivables will play a key role in their short and long term success as it is and will affect their cash flow while any neccessary write-offs will impact their profitability..
Would appreciate other opinions.