great trading
Great trading again today... higher high on big volume with a higher close. ALL GOOD
There is clearly still substantial residual interest from the last financing... We had heard the book was over three times oversubscribed... and this stock is acting exactly like you would expect under those circumstances.
An institutional trading colleague of mine told me the street is shopping for "tens of millions" of shares of Prometic right now.
TALK ABOUT FEAST OR FAMINE EH ? I honestly cant recall better sentiment and trading than we are seeing right now... Alot of us longtimers have been saying there are two big keys to a turnaround in this company....
---worldwide publicity and exposure
---large scale institutional buying
... and it would appear we are seeing both. I now expect us to breakout to the .75-$1.00 range short term. With ANY kind of resolution to the Catalyst / Melnyk / Hemosol situation... we'll go substantially higher. From what little I can glean from the Melnyk / Catalyst court situation... people are giving Melnyk close to zero chance of winning and preventing Catalyst from moving forward.
THIS WOULD BE HUGE FOR PROMETIC.... Ironically, it would take us back to around 2004 when we were counting on a substantial license and value contribution from Hemosol.
all good guys... Ironically, all the US Buzz seems to be around 1402... cant wait to get some tangible results and see how much companies will pay to license or buy it.