RE: SOMEBODY'S GOING TO BLINKIf over a million shares are waiting at 2.5 cents and nobody is biting at 3.5 cents, then the basket is under the apple tree. It could be that most already have bought their shares and are now content to`simply place a bid at what is perceived as a bargain price.
It`s like an investor who bought 5 million shares in 2011 and is satisfied. Now places a buy order at 2.5 cents. The order doesn`t have to be filled. But if filled, it`s like an unexpected bonus.
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The company's relationship with Aeroplan is great. The loyalty rewards marketplace is dynamic and not static. Yesterday for example, Groupe Aeroplan did a global long-term strategic alliance with and US firm called Cardlytics. Also took a minority share in it and plans future investments. This will help market Aeroplans rewards currency in the financial services industry and open the door to major retailers around the world.
In the same vein, Futura will do things to increase it`s revenues. I envision some from of a strategic alliance. For now they will concentrate on signing up new car dealerships in Canada. Will have to watch the next few quarterly reports to see how it pans out.
It goes without saying that the auto sales and service industry is huge and impacts a wide range of support industries. I would put it on a equal footing with the banking industry which both Aeroplan and Air Miles have built successful relationships with.
In the above context, I look at the stock price of 3 cents and wonder if it`s a bargain of the year. How much talk and posts there was about the company on the internet, every time the stock reached 5 cents or higher or had big volume days. Proof it`s on the radar screen of investors.
Now waiting for the financials to reflect majority shareholder expectations.