RE: RE: RE: Insider buying. Haititrader,
I couldn't agree more. I think a lot of what we've seen over the past couple of weeks is a result of individual investors not really understanding PLI and its technologies. If you paid any attention at all to the trading activity, the volumes involved and the number of houses transacting, it becomes pretty clear that it's mostly retail investors reacting to whatever they're reacting to. There has been no news to justify the shift in sentiment, just the fear that something bad must be happening.
Given the fact that after the tremendous volumes involved in the run up from 12 cents to 50 cents really had no impact on the percentage held by institutions, it's easier to understand much of what has happened. I've been in this for a very long time and I've stayed in because of the story. There has been ample amounts of set backs and obstacles, but the company has progressed, albeit by having to suffer a bloated share float. In some ways we're in the end game of uncertainty (in so far as liquidity) and once the market realizes PLI isn't going back to the financing trough, more attention will be focused on the unfolding of this company's potential.
I believe there is speculation that PLI is going to do a financing, which I understand is absolutely not going to happen. Perhaps players wanting to take a position see the only option now as being to create some fear and shake as many loss shares from weak hands as possible. Only an assumption and theory on my part, but certainly plausible.
Absent news, we will probably have to have some more fortitude and resolve to see past the current static. While I'm as nauseated as many others by the pull back, it doesn't change my view on the potential. I'll be patient and hopefully reap the rewards. My only fear is PLI is taken out well before a fair reflection of its true value is realized.
Good luck,
Felco