Naturally Splendid Enterprises Ltd V.NSP.H

RE:RE:RE:NSP Closes Private Placement - Fully Subscribed

[dontknowmuch]

dontknowmuch wrote:

RetireAt55 wrote: Hey DKM,
do you think we should now see some upward momentum on the SP? Nice that the wall @ 0.07 seemed to be dissipated and hopefully next week the bids will push through.
gltal
retire@56

Hey “RetireAt55”,

Given that I bought more shares in the market between .025->.06 and participated in the .035 PP, I am hoping for upward momentum on the SP.  Based on what I know about the company, my DD and my speculation I think we will see upward movement… “momentum” depends on a lot of factors – shorting being one of them.

Last time I posted the Short Data I stated “Data for the second half of May should be interesting :<)”.

I stated that because the reported Share Traded Volume for May 1-15 was 5,560 shares and the reported Number of Shares Shorted as at May 15^th was 8,510 – both pretty low numbers.

On June 1^st the reported Share Traded Volume for May 15-31 was 5,231,500 shares, at the opposite end of the scale compared to May 1-15.  The Number of Shares Shorted as at May 31^st will likely be available on Monday… like I said “should be interesting”.

I hope “Flacker” is correct when he said “If Cavaltinib^TM proves itself there's no limit to where this will go after the news.”

If we do get momentum… my problem will be dealing with this:
Naturally Splendid has the right to accelerate the expiry date of the Warrants if, at any time, the average closing price of Naturally Splendid's common shares is equal to or greater than $0.10 for 10 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Naturally Splendid issues a news release announcing that it has elected to exercise this acceleration right.

Like NSP, I never have enough cash ;<)

*****
Be safe!

*****

“Living in the sunshine”
Always DYODD
DKM

Quick follow up:

Share Traded Volume            for May 1-15 was                  5,560
Number of Shares Shorted as at May 15^th was                  8,510


Share Traded Volume              for May 15-31 was       5,231,500
Number of Shares Shorted as at May 31^st was              566,690