TSXV:VER.H - Post by User
Comment by
AnalyticalTraderon Oct 11, 2011 4:49pm
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Post# 19138538
RE: Adjustment to 0.70-0.75 expected
RE: Adjustment to 0.70-0.75 expectedDisclaimer: I already hold a position in the stock. For a successful maturation of the prices, long-term investors should, upon performing their due diligence, look to protect their positions. Over the past couple of weeks, we've seen an adjustment to both the prices and the temperament of the shareholders. These adjustments are significant for reading the prices intelligently. A solid base of support from shareholders can further capitalise on milestones and minimise unnecessary setbacks and negative adjustments. In my view it is better for shares to be held by long-term investors who clearly understand the direction and profitability of this Company. Once again, 2.6$ covers up to probably Q2 2012, and after all the initial milestones are reached we could expect VRS to perform at around the prices of its peers. That, I think, would be around $4-5 in 2012-3.