OTCPK:MEDVF - Post by User
Post by
Hiddensecretson Jan 05, 2021 1:50am
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Post# 32221852
Bought deals USUALLY trigger a HUGE LONG TERM RALLY.....
Bought deals USUALLY trigger a HUGE LONG TERM RALLY.....BOUGHT DEAL is a VERY BULLISH SIGN:
- $ 5 million was raised with no prospectus, so it tells me that Sales Numbers are VERY STRONG
- buyer is risking $ 5 million which is a HUGE SIGN OF CONFIDENCE in QSC
- access to immediate funds to fuel ROBUST GROWTH with more cubes
- paying down of debt to lower interest costs and increase profit margins to 65%
- avoid costly factoring companies for receivables
- funds provide a bridge for 90 days it takes to get funds from insurance companies
- it strengthens the balance sheet
- we have access to the clients of Canaccord clients who are deep pocketed
- analyst coverage coming and probably with target price of $ 5 per share as a start
This bought deal k*ills 10 stones at the same time.
It was brillant.
Anonymous who was pushing stock down was probably another bought deal bidder who lost bid to Canaccord and now must cover their short as bought deal is done.
Bought deals that triggered rallies: RHT did bought deal at 40 cents and went to $ 2.50, Baby did bought deal at 60 cents and went to $ 5 per share, etc...
MPO