GREY:SMDWF - Post by User
Post by
cheval57on May 07, 2015 11:11pm
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Post# 23706957
A little obvious
A little obviousLike I mentioned in a previous post, the profit takers are those responsible for the fact that the company has a private placement at 25 cents a share. I have heard that an investor bought more than 1 million shares earlly April and sold them at the end of the same month. Nothing to help a company's share price.
Maybe some investors thought that since shares will be issued at 25 cents that means that 31.5 cents is an overvalue of the stock price and simply got out. The volume was not high today compared to other days. This drop is not a reaction to bad news.
Today's news is good news.
This company has found an institution that has accepted to lead a private placement of 2 million dollars. Money to be used not to survive but to grow. Probably enough money to help the company to become cash positive somewhere this year.
And this not the last good news. Expect more partnerships to come soon. Being approched by Google is eye opening.
You are ready to be patient. Your patience will be rewarded.