RE:RE:RE:RE:With only 1m cash they really needed that PPCiao wrote: Lastly, if that investor wanted 5M shares at $1, he can come in now to get some at .70 range (no warrants...LOL) as the volume today is about 2M already.
Equity4 wrote: Hmmmm, they have $7.7m in receivables, I don't this they need a thing right now!!
Im quite certain that if the private investor wanted 6.5 million shares he could have purchased 70k shares a day for the last 3 months prior to the announcement without the price moving too much higher. It would have been without warrants but his average cost in accumulating shares would have been well below a $1.
I frequently purchased 50k shares a day no problem.