RE: Selling Pressure...With respect to 2guys, I personally disagree. IMO now is the time to buy on weakness. With all the positive news of the last months, any chance to buy back in at
.16 (like today) is a great bargain! I'm honestly very pleasantly surprised that we're still getting chances to buy like this...
Seriously 2guys, when else are you going to get this type of upside? Sure you might get another penny or so, but right now, today, you have a $8.6 million company (stupid tiny market cap), with, as of latest financial update (
https://www.theglobeandmail.com/globe-investor/news-sources/?date=20110630&archive=cnw&slug=C2495) demonstrating that they have $8.7 million in available financial resources, giving them more than ample time to make the deal that everyone knows is quickly approaching. They have a very respectable industrial consortium of global giants in the field (Novozymes and Metso Paper USA to name the more recent joiners), approved patents, the engineering for the commercial refinery completed, leading technology (AlcellPlus), SALES of industrial trial products, and a product that has the strongest possible upside imaginable (renewable fuel anyone?).
Anyways, I apologize to all if this comes off in any way like pumping, but I rarely post and thought I should jump in and contradict something I disagreed on. In this case I think it is pretty much all solidly backed-up information. Of course, I do hope you're right and that a bigger buying opportunity comes along, but I won't gamble on it myself.
Best,
W.