RE:RE:Last post againNo problem. It has been confirmed on more than 1 occasions that this is the intended path. However, they needed to wait for the SDI/finances to close before negoiating it. It is now fair game imo for them to begin discussions and get this solved and PRed before March 1 (that's my gut feeling anyway).
And RE: Invesco, they can't have many left, maybe 1-2 mil tops, but we'll only know when the price rises 50% from here on low volume ;)
mybikeisorange wrote: Thanks for the post pipsqueak. With your future catalysts are you assuming that the royalty will be converted into warrants or did you confirm that this is the plan with someone? Also, what is your guesstimate on the amount of shares Invesco has left to divest? Thanks!
pipsqueak3 wrote: I'm a day trader and prop options trader. I invest on the side.
When you trade, you only look at price action and volume.
When you invest, you shouldn't look at charts or the day to day.
The risk with trading this company is volatility.
The risk with investing in this company was the closing of this first SDI.
Volatility will always be here.
The SDI has closed.
Investors will outperform.
I'll be back when Invesco (085) is out. I haven't been this bullish since RJ tapped out at 0.06 when we took them out.
Future catalysts:
Interest rate cuts on all outstanding debt (increase in all core business margins)
Royalty conversion into warrants exerciseable in 2018
Analyst coverage (My guess is BMO in Canada), with $1+ 12 m recommendation
2nd SDI to close in 2016
R/S only if no SDI#2 by end of year.
Remember, Vertex owns 19 of the 24 mil outstanding warrants and will not exercise these until 2017. They only exercised 1.55m to inch them closer to to the 20% mark a couple Q's ago. They are receiving more warrants in exhcnage for the royalty and these will be their leverage when takeovers come, they will control the asking price with these; which will be far more valuable at that point.