Market ActionI was surprised to see how many traders were in PHO still. Traders were getting out on the news Thursday. The next day was the value investors buying up the shares.
The financial results were excellent. I was really happy to see we are spinning off lots of cash and the company coffers were up almost $5m. The doubling of capacity has doubled in size and the revenues right along with it.
The line that was sold to the oil company for intrinsic value will be counted in Q1 2018 financials. This will directly boost the company coffers again.
Someone said that Edmonds said they were applying to graduate to the Toronto TSX. Photon Controls is going to get a lot more exposure to funds and investors who cannot or will not buy stocks on the Venture exchange. I will have to listen to the playback to confirm this is the case.
Long and strong!
Muff