Very typical pattern for TSX.V stock at new highs (DD) My post history is exclusive to DOC if you want a run down of my thought process.
Absolutely nothing has changed here. A few individuals made a dash for cash and sold out really early, warrants were exercised, and this happens with every single successful Venture company that has to raise capital. DOC is no different, but unlike your typical Venture archetype (the gold miner) DOC can be more prudent with respect to future warrants.
And as long as DOC stays steadfast and refuses to capitulate to medium term needs the stock has a pretty easy path upwards to $1.60 (which is the consensus minimum when compared to WELL in almost every analytic you can think of).
IF for some reason DOC's revenue remains flat over the next 2-3 quarters, I still think it finds some sort of equilibrium at $1.20. There is very little downside risk now, as those who believe in the thesis aren't going to be leaving anytime soon, initial investors know that not selling their position expedites a move to the TSX, and the company is too new to earn an army of bears (it's amazing to see how much short interest there is in most Venture companies...the pathology of skepticism is real).