Reasons why the SP should stabilize at current levelsOne has to sense the confidence many have in the future of this Company.<br /> <br /> This is supported by the fact that the recent PRIVATE PLACEMENT at 45 cents a share was fully subscribed for the day it was announced
Yes yesterday the bashers and traders were out in force at the opening with doom and gloom predictions.....I dont think there was one positive post during the first hour of trading.
These are the scare tactics used by traders who sold their shares in the 50;s and 60s trying to buy back as cheap as they could. from weak hands. Once the bashers had done what they set out to do they were no longer there having bought back the shares they had sold at higher levels.
This is the nature of the business and these guys know how to play the market.
But I believe those of us who believe in the long term success of the Company should just sit back and enjoy the Edgewater story as it unfolds. The fact that the insiders are not selling and the PP was subscribed for almost instantly speaks for itself.......Maybe part of yesterdays early decline was because some of the subscribers to the 45 cent PP sold to ;pay for the shares plus WARRANTS they were purchasing .
There are no guarantees of anything but my opinion is there is too much happening here with partnerships ,agreements endorsements etc for this Company to fail.
The potential is huge but not guaranteed but thre risk/reward has to be as good as it gets, Just a few thoughts before the opening!