RE:RE:RE:This a discussion board guysLmao. Either incredibly full of it or not the wisest trader out there.
"Above $3 for a while". It was holding above $3 for a week or two, since approx Sep 20 when it kept flying high. Although that's bullish for the share price, any seasoned trader knows without further news, some type of 10-30% pullback was expected. Further, the market itself in growth and tech stocks is suffering as of late thanks to the actual market conditions, so some sell off in companies like Fobi was also expected and part of the reason for the minor dip.
Some "calculation" you've made there... The other poster who discussed the buying volume and share price increase prior to the halt had it correct. Buying volume went up because [possibly] people in the know started buying, presumably because they knew the news. It's possible it is unrelated, but to sit around making the assumption it's bad news. We know the reason for the halt is "news pending". It is far more likely this is due to another company's involvement in the press release and the finalized agreement, than it is to be some kind of destructive press release.
So again, I ask what your position in Fobi is.