NYSEAM:SVT - Post by User
Post by
vinniePon Feb 12, 2021 9:23am
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Post# 32550672
Recent Financing
Recent Financing was done above market value which is fantastic. Since then we've seen this pull back approximately 20% to where we sit now at $0.055. Bringing Jemini on board to promote and market Blue resulted in positive trending, share appreciation and without a doubt, was the right move. With the recent pullback it seems the next round of financing could very well he done at a lower price thus resulting in more dilution that one would like. On that note there is no doubt there is interest here despite daily volume all but drying up over the past couple weeks. Also, in order to achieve the plan put forward by management (also detailed in their investor presentation) multiple financings are likely in the cards for 2021. With some solid hits from the upcoming "aggressive" drill program, share appreciation should follow and hopefully this rounds the corner from being undervalued (some might say largely so) to right in the mix with comparable industry peers.
stay positive Blue nation!