TSXV:ISD.H - Post by User
Post by
longrider1964on Apr 25, 2011 2:03am
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Post# 18481257
shares coming to market
shares coming to marketHey people,
Did some homework and as far as I can tell we have 7,000,000 shares comin on line as of April 30th and another 9,800,000 warrants up to 50 cents that can be exercised and then traded. This will bring in to the company about $3,850,000 which will leave them nicely cashed up if exercised. My question would be how long do u think to absorb those shares should they appear over the next couple of weeks and what do you think the share price will be after they have been taken out. My feeling is that with the action and momentum this stock is displaying that 75 cents is realistic with a $1 possible if the market really jumps on this. If some of those 17,000,000 shares choose to stay in the game then I think this stock could move much higher very quickly but it will be up to those investors to decide what they are gonna do. Could the INT attack spook some people into taking quick profits in which case the share price rise might be slowed somewhat but I definitely feel all those shares could be absorbed in 10-15 trading days and we could also see a double from Thursdays close. Would be great as then there would be nothing to hold this stock from really exploding to the upside once lots of news arrives and the general market jumps on this baby! All in my opinion. I think we could see many days over 10,000,000 volume but we will see soon enough. Absolutely LOVE this stock and can't wait to see it all play out over the next month. With the much larger trading volume I will be putting alot more capital into this play over the next few days. GLTA in ISD and blast off!
Longrider