GREY:QSLRF - Post by User
Comment by
mzsmithon Sep 01, 2011 1:29pm
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Post# 19003343
RE: Leede
RE: LeedeThere are a few issues...
1) Need to churn through a lot of warrants that can now be exercised. The good news is the company gets some cash... the bad is that the new shares come onto the market to realize the gain holding the share price down. The warrants have an exercise price of 10cts and 15cts... it will take a while to eat through these without news.
2) Need to get certification in the US to realize the LOIs. This is BIG... hopefully it is received sooner than later.. November likely... October if we are lucky.
3) It will be a good to see positive cash flow in August as the company predicted and more deals announced to generate some momentum. Need to generate some momentum to bring in new buyers to sop up the excess sellers.
4) Finally... keep your fingers crossed the market doesn't tank this fall...!! If it does all bets are off for a while... although, it would present a protracted buying opportunity for those of us with an iron cast stomach!