RE:Love this stockI`m curious why you see this the way you do. My thoughts are a bunch of good news storys drove the stock up, but laddering the way it did told me there was a pull back coming. One could argue what true valuation really is, but a good stock will correct everytime. Whether we sit here at 1.36 for a few days or not, me thinks that confirmation of Financing and Outdoor License, will take us beyond the recent high, fairly soon, and would a 25M financing be available, not sure. 25M is an interesting number.
So, imo we were due for a correction and the PP comes along, PPs usually percieved as dilution, negative sentiment. Shorts see this as a huge opportunity and apply thier techniques, knowing they may only have a couple of days on a stock with a full head of steam.
As far as the financing goes, these talks dont happen overnight, a full disclosure must take place, presentations etc.. Dollar amounts are hammered out in most cases 2 weeks before news release, this laddered run up probably added incentive to the investment timeframe, because at 50x forward earnings, 48NRTH could be a lot more expensive very soon. 25M will work very nicely for a strategic move, probably a US listing might be in the offing, check FLWR runup on Nasdaq news.
GLTAL