jogajoga RE: RE: Stormount does another 100kBryden announced in July that he would be lowering his possition from 30% to 23.7% he has helped fund the company through the research and if you look back far enough you will see that he is probably in it at $3.00 a hell of a long time ago. So over the years he has increased his desired possition in exchange for additional shares, and he is recouping the money. Lets say that his average price for the "NEW SHARES" was somewhere in the 0.12 range and he is selling them at 0.27 range he is probably only profiting 1.4 million. Not bad But not big money considering he is still down significantly in his initial investment.
Next thing to remember this stock has not had a lot of shares issued and has mostly been held up by owners like Bryden, NRC, and other insiders. I would predict that between all the insiders and large investors there are 50-60MM held in shares with 20-40MM available for trading.
Price thoughts based on news and opportunity.
April 4, 2008: Price 0.065 Volume of 2500 shares
April 18th 2008: Price 0.475 Volume of 22Million Shares.
a total return of 630.7% in 2 weeks.
Now lets take the money equation out of it.
They are working on a real non invasive treatment for CANCER. A real game changer. There are other companys developing some major breakthrough companies that are trading much higher on an idea than on sales or volume. So will I continue to hold MY shares in this company... YES: will I continue to hold shares in my other speculative companies... YES: WHy? because investing in complacent companies, will not do anyone any good.