Trading Pattern....Hello Everyone,
If the true intentions of managment are to stall price until warrants expire then I expect us to move sideways and then up a bit, sideways and up a bit. Remember warrants can only be exercised at 75 cents on July 7, 2011. We are at 38 cents now, so a 4 cent move per month up brings us to abo5 cut 58 cents by July 2011, which will render warrants useless.
Then come July 8th, 2011 and I expect stock to rally pretty hard as management and Soros have warrants coming in September 2011 at 65 cents. I expect all of the material news to be released between July 8th and September 2011 which will cause a rampup in price hopefully to the $ 4 per share level.
It is not nice of either management nor Soros to have warrants expire worthless, it is a ruthless act from a conscience point of view.
At least now we know why good40 and hhoc were hired.
I have invested my funds for a 2 year period so this temporary back and forth is fine with me. In two years with price close to $ 20 per share, I will be unloading my position.
What is unethical is that financing at 40 cents for the units gave the holders the illusion that they would get free warrants. Goes to show that nothing is free.
JMHO