RE:RE:RE:Bought deal Likely but this will recover mikesright wrote: Your probably right. My friend is a chart expert on a lot of these tech stocks. And he has this theory that points out a lot of times that whenever they breakout 30% or more they tend to be prone to deals. I'm long on this for quite a while. I see this easily a $5 stock at some point . This sector will grow exponentially soon.
This stock has been beaten downwards for months while waiting for signs of incoming revenue. Three companies signing contracts and drones flying out of an airport no less called for a fairly substantial movement. The company should have 20+ million in the bank so not sure we should worry about raising cash just yet. But yes I've seen some stocks run hard just before a bought deal...but usually with no reason.