Best news in the last 5 years. And then what?I agree wtih most of you that the last PR was one if not the best news in the last 5 years. Things begin to be concerete.
I was also amazed by the market reaction. It felt like a "reverse insider trading". A new expression that I just invented. In the days prior to the news, volume picked up, the share price increased and all pointed to a leak. A good leak, as those in the know where ready to pay more to get the shares prior to the news. How long did it last? A week, maybe 2, who knows. But just for the sake of this post, I will assume that a leak occured.
So, about 2 weeks before the NR to analyze the potential NR, and these investors decided to buy.
Then BOOM! the big news with a halt! People speculated, anticipated the news and it seems that all comments were very positive.
But someone or some people, after maybe 15 minutes of the NR decided to dump the shares. Why not digest the news for a few days, or hours at least?
So those in the know buy the shares before the news and some people (obviously they did not sell at 15 or 16) without considering the impact of the news dumped the shares on the bids (that's where I came with this reverse insider trading expression). Those in the know buys, but the share price goes down because those without information dumped their shares. Not a classical pattern to say the least.
Maybe Vicky is the answer to the downward trading (which will never know). And I also agree that it is her privilege if it is the case Could it be another important shareholder tired of the waiting period?.
It could also be some people that bought at 5 cents in the last few years and wanted to take money off the table. But then why sell so fast (as they have been patients...)
It could also be genius that analyzed the NR in a few minutes, crunched the numbers and realized that he or she needs to dump all the shares accumulated over time as the future is not as rosy as we may think.
I guess we will never know, but some scenarios seem more likely than others...
Hopefully, we can now focus on the concrete milestones ahead and look in front for positive momentum!
Moulouk