TSXV:OEE.H - Post by User
Post by
Trelawnyon Aug 30, 2016 3:19pm
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Post# 25192394
Quick point of View on OEE...
Quick point of View on OEE...Hello,
I see some people hopping up and down trying to send the share price down.
I would say there are a number of strong fundamental and market reasons why the share price should hold in. This is of course barring a macro-economic shock that would send the whole market down.
1) They just received about $800K from the warrant exercise.
a. This means they don’t need to raise dough for the foreseeable future. This materially takes pressure off of the stock.
2) They are at IMTS which comes around only once every two years – this is a big deal.
3) I believe that before and on the heels of an event like IMTS and the partnership with Mazak and Cisco that there could be additional news.
4) Their financials are getting progressively stronger – so this is a strong signal to the market to anticipate the next quarter.
The one potential con is that the price has moved quickly to this level – so a reasonable pull back could be contemplated, but I think the first 4 reasons will win out in the medium, and possibly the short term as well.
Best regards,
Colin Fisher