GREY:QSLRF - Post by User
Comment by
mercurysmithon Nov 13, 2013 12:04pm
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Post# 21901825
RE:RE:Desert panels
RE:RE:Desert panelsGreat read mzsmith. A desert ready solar panel now being tested is significant news.
That said, I don't think news regarding development/testing/piloting is going to move the s/p. News regarding contracts/sales will move the s/p. The research and development is critical to the success of Q, but given Q shares are traded on a fairly obscure market, IMO, nothing short of actual contracts/sales will move the s/p back up over $1. With the new production line on the second factory, we need news that solar panels are being sold and not just stockpiled. I believe the that news regarding sales must be tenatively in place and confirmation just around the corner or else why would they be moving ahead with that production line.
Since October 31st only 8 houses have bought Q and only 5 houses have sold Q. The three biggest buyers and sellers being 007 (54.5K), 009 (54K), 008 (28K), 058 (-62K), 001 (-43K), 085 (-41.5K). In other words, all of this up and down s/p between the mid 70's and the mid 90's is pretty meaningless given the small volume. With such an obscure market/company, I don't think Mr. Market represents the value of this company today very well. When we have 3-4 days back to back where more than 200K shares per day trade, then Mr. Market will give us a more honest read.