Ramping Up For A Big Move UpTempus has been a quiet stock since going public about a year and half ago. This real estate company has a solid foundation and COVID is not having any material effect on the operations as teh tenants are solid, blue chip names.
The small investment in a marijuana/CBD deal announced earlier this month was quite unexpected but a welcome surprise. Perhaps expanding this segment of Tempus could fuel investor interest and the stock price which would allow it to raise significant funds to finance both the new segment and real estate acqusiitions.
Since the middle of summer, there has been some serious accumulation in the stock. The stock was looking weak in the first half of the year but since the start of August 2020, there has been slow but steady accumulation going on. Bids are stacking up and the share price now stands at 11 cents. As of tonight, there are less than 100,000 shares on the offer all the way up to 35 cents and nothing after that price. Since there are a total of less than 30 million shares issued and outstanding and management owns over 75% of the stock, the float on the stock is super low. This means that even with a little more investor interest = share demand, the stock could double or triple in a heartbeat. I'm predicting that we will continue to see the share price climbing. The company would be wise to do a financing once the price reaches the 50-60 cent range.