RE:WE ARE SAVED...Interesting, thank you Iain.
Yes, the volume is high compared to average traded, but too low to hint for a huge exit.
Float is only like 60% of OS - perhaps more?
Company valued below C$50M must be a practical joke, if not BK.
Most revenue came in from new acquired company, so this year will look much better revenue wise.
Since last PP was quite small, perhaps there is some light at the horizon,
but I get it - 'some' also call for the next one, rinse repeat.
Then the cancelled meeting, at least company is reacting to this 'attack'.
Rational:
- A very small PP of just C$1.87M was placed last time (almost bullish, they don't need more?)
- Offering SP C$0.187
- Warrant strike at C$0.2206 (what a number)
Hence C$0.2206 is the minimum goal, but to exercise it shall be above -> C$0.28, next resistance.
We will see. I am rather positive from this basement price.