RE:What i really want to see is a...I too believe that the BLOC investment in SEV was cooked up. Most likely to give SEV a pump. If you go back to BLOC’s releases on their financing back in Nov 2017 you will notice there was a second release a couple of days later stating that they were increasing their offering by 3.9 million shares. My cynical guess is Canaccord cooked up this whole move to ensure that SEV’s financing was fully subscribed and that Canaccord was not left holding the bag on any of this. I do believe that the market was and is losing patience with SEV and an unfilled financing would be the kiss of death at this point.
As for the quick pump into the low .40 area and back down. I don’t think it was some kind of play to get someone in, I think many took it as a chance to get out. Those that wanted out simply killed the rally in one day. Even though Canaccord reiterated their Buy rating, they didn’t increase the target price. Neither did any of the other entities that have coverage of SEV. Many of them didn’t even comment.
SEV is going to have to come up with something fast or else the SP will be testing .28 again. I assume the fact that it is now Jan 25 means we are not going to see a rocking Q4 pre release. Which makes me think that Q4 was a turd. I know some of you think that SEV is holding great news with a plan to release it at some Digital whatever event. That doesn’t make sense as SEV is under the gun and if there is anything worth releasing, Now Is The Time.