But for Cannacord SellingIf it wasn't for Cannacord selling 245,000 shares with no buying on their part, Petrostar in all probability would be trading in the 32-33 cent range instead of at 29 cents.
Shame really, as IF any of the Cannacord Brokers have advised their clients to sell Petrostar, they may well live to regret it IF the downhole tool is a big success. I guess seeing a nice profit is often the objective and under normal circumstances, I think most of us would agree.
But the big difference here is that we appear to have some incredible Technology that could have a huge impact on the Oil Industry.....no there are no guarantees. If the Technology does what it is designed to do the shares of Petrostar could be trading at prices few of us could imagine.
Obviously if a Broker from any house advises you to sell at these levels and a month from now the shares are 5-10 times today's price, the Client will not be too happy with his Broker if this situation occurs.
As I said there are no guarantees as each of us takes our own risks, but things do look very promising as we move forward.
GLTA