RE:RE:Well..this is good newsI'm not sure if I believe you, but I want to. You did prove truthful with your dip purchases a couple months back. Everything you stated makes sense. Insiders are going to guard their value.
I was thinking they might consider moving to the US. Don't know what that all entails. The acquisition they've discussed they are pursuing is probably a US based company. I wonder if that might come into play as far as a move. They've qualified for the up-list for a while, yet we haven't seen movement in that direction. Brian had said 6-8 months ago that 2018 would be a year they engage investors more and start to highly consider up-listing in CA and US.
Covalon has needed to diversify out of Saudi and have only slowly done that so far. This recent setback is going to accelerate the need, but also damage Covalon in the eyes of new investors for likely several months. I don't think it changes the 18+ month projections for the stock, as long as Saudi contracts are intact and progres is made outside of it.
Has to be one of the most random events to affect an individual company. Sucks, but all should be fine longer term for those patient.