GREY:NEVDQ - Post by User
Post by
Stb888on Sep 27, 2022 1:41pm
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Post# 34989931
Solway ? + end of downward pressure on sp after Oct 5
Solway ? + end of downward pressure on sp after Oct 5I find it interesting that there is no mention of Solway in the latest news release.
Solway currently owns 10% of NCU (the same as Mercuria), having acquired shares at a price of C$0.77 in November 2021, along with a bunch of warrants “that will be exercisable at a price of C$1.00 within 18 months” (before May 2023). Solway is most likely not in the dark as we are ie. they know what they’re doing and will not get screwed easily.
One more thing: the downward pressure (stock manipulation) applied on the stock by Pala & co will likely end after October 5th as they will no longer benefit from a low share price beyond that date...
Therefore and with that being said, I do expect NCU share price to bounce back to 1 CAD before May 2023… and in case you wonder this is no gambling or wishful thinking.