Under accumulation?Bids, as well as trades of today and very recent past trades suggest this is so. One interested party in particular has picked up several hundred thousand shares (about 2% of the total outstanding shares) at the $0.42 cent level. Today there was one bidder who was looking for 122,500 shares at $0.42.
Now let me see, if I wanted some say on the board of directors, what would I do to make this happen?
Anyone who bought in at $0.45 or horrors at $0.65 can probably get out now at these levels, if they so choose. I won't, because I believe that the next couple of quarters should start to look more interesting than the last 22 months have looked.
We are finally starting to see some earnings. Now if Nordex can only control their advertising, and legal budgets, its shareholders might just vote Nordex the best little money maker in the small cap investment universe.
Opinions are always welcome.
B&D