RE: RE: EVERYONE PLEASE READ!!
Have to laugh at all the talk about pumpers and bashers...like Question Period in Parliament...lol
Stock is down another seven cents today on very low volume. That is an indication that most shareholders are sticking around, which is a good thing. If this was a classic "pump and dump" we would already see this stock back down to 20 cents or lower, right to where it was before the big run up.
You have profit takers who took their money and ran when they got in at
.20. That is fine. You have those who had shares from the previous PP's and who held warrants and stock options. They cashed in a portion of their holdings, which again is fine. For the officers of the company, this is probably done to realize some compensation for months of hard work for pay in shares. Can't blame them for taking some cash now that the price has went up. I'm sure they still hold quite a number of shares in the company, knowing that the value could go even higher with a successful deal on their product Ortsbo.
Now we have a whole new set of shareholders with varying cost bases over the past week. The balance sheet is in the process of being cleaned up, with all debentures, warrants and stock options being exercised. This is good for the balance sheet ahead of any pending deals or financial restructuring. Once this is done, I would suspect a share consolidation ( a ten to one wouldn't be out of the question) is being considered to bump up the share price which would then attract the Institutional buyers. Between that and a successful deal, this could pump up the value of the company and give the company the needed credibility to be able to secure additional financing from lenders and go to the markets for further funds to raise additional capital for further product development.
In the short term, we're seeing a shakeout of who's in for the quick buck and those who are in for the long term value of the company. That's natural and healthy. That, in my opinion, explains the price and volume drifting downwards without any big selling pressure. The ones who want out are selling. The ones who are staying are staying. Indications today are that the vast majority of shareholders are opting to stick around and support the company and its products, ignoring the day to day (or minute to minute) price flucuations and are thinking over a longer time horizon.
Everyone has to make their own decision on this stock. That is happening that is what capitalism and markets are all about. I wish everyone good luck on this stock.
Steamer