RE:Whats the scoop - Late Feb they said they had a deal in place with Panasonic
- The stock then hit a jackpot and went up to ~0.30 per share
- Mar 8th, SJL was informed that Panasonic came forward and said they a deal had actually not been signed and that the order was given to the public before it was finalized
- Same day, the ASC issued a cease trade order.
- Trading resumption was issued on Mar 21, at which time, the stock plummetted. Hitting lows of 0.055 / share over the course of 2.5 days.
- SJL has said that they are now sending test samples to Panasonic and if they are happy with the product there is major opportunity that they will put in a large order. (which is where the gamble is IMO)
- ASC issued an interim order for insiders to halt trading effective Mar 22 until Apr 5th I believe.
- If the sale goes through, the stock will pop IMO. We are more than likely in pretty volatile waters right now. At the price point of 0.085-0.09 it might be tough to make money unless you are trading large volumes. Should have gotten in at ~0.06 like a lot of people. IMO.
- If it closes strong, next week could be a big week.