New 52 week low coming???
19 cent open. The open keeps going lower and lower and along with it the close. This is how the shares collapsed and nobody on the inside seem to give much of a damn meaning more the partners as management was buying from my recollection. It just goes again to how people are dealing. Well it is a two way street those who ate providing money feel they are giving it to make things possible which is definitely true I can't refute that so without that this .03 to .05 company would have never reached where it is. But having said that I do expect when this company has returned in kind as it is doing cheap pps that can't even disappointingly move forward and the company is relying on their strategic relations that while they both do for each other money for cheap shares when the chips are down I expect management to do right by the long term shareholder and not give shares away as I can understand was needed to fund the project but actually say it is time to collect and collect a more fair price what long term shareholders deserve for their patience and backing the company. Folks this is ideally speaking this may or may not happen and I have to remind myself the company or companies don't act in the benefit of the retail shareholder that isn't who it directly caters to. It's main function is to sustain the project and pay all its board workers rent etc. Our hand goes hand in hand only in so far as it's success in which given we individually never own enough shares to make any monetary difference per sa we have to just strategically keep trading and building our wealth. I heavily downgrade this company from once where I saw it and that's OK I just have to see it along for all the rest of them for what they are and how they show us with their actions. I call this a mid tier company which will return well enough over time. $5 to $10 max doesn't show me more even if I could hope. I will still hold 1000 or 2000 shares for that hope I can't afford to lose time waiting for a year or more for this to get above a buck. March will be 1 year way too long. Time to take money out on 1.5 to 2 times within a year if not on my whole position then half. There is no way I will reach what I am after waiting years for ideal share prices. Like I said lesson learnt should have dumped these when the first raise fell below.68 look at the trend the partners didn't seem to care then either if they did the shares would be over a buck was never in their favor again when looking to get the tech as cheap as possible. Let's see when the chips are down hopefully there is a united management team that retains control has the balls to get a fair acquisition price but now the question will remain what is fair? The $5 to $10 is something I already explained how I came up with it that is probably the best we will get. If we get more fantastic but I will be looking first at the .50 to $1.00 to see what I will do. I didn't sell at .80 so it is not likely I want to sell there however let's see how much in the way insiders get to hold the price down. With the pp not likely filling at .27 let's see if it is in fact priced down to .20 and then the .81 strike point which is 3 times the purchase incentive will likely be .60 which will drag the shares some more and instead of 15 million shares for the 2 million you will have 20 million. People are acting in bad faith that is abundantly clear and I suspect the price drag will last for some time so getting back up let's see. If people did not act in bad faith I would be more optimistic so if insiders who acted in good faith can't offset those shares it will be some time. In any case I will look for the best price and may consider less than .80 if things are taking too long I simply will not tie up money here or elsewhere quick doubles on 50 percent seems like the best strategy to avoid all this bs. This post is more I hope once the chips are down there is and should be no obligations or special consideration to those who funded the project their consideration is as far as I am concerned returned in full by all three cheap raises which should have been priced considerably higher and were not to get things done so debt paid partners or not there is an obligation to get the best acquisition value will not matter Cenovus Suncor etc unless within these raises or individually those guys obtain controlling shares that's different. In any case even at $2 way better than my .25 and I should just say thanks move on although what a shame so I want this company to get the best price partner or not all debt paid by cheap shares nothing more needs to be done. Those who individually hold shares will still benefit greatly whether those who they work for may not. Oh well it is just business. There can't be any loyalty here. Let's see where things go though.