RE: 1 Million SS there will NOT be a roll back until we get to the Nasdaq!!
As a matter of fact the reason the symbol choosen for the Amex was ADH and not AHX was that AHXX was not available on the Nasdaq but ADHX was.
Couple of observations of the trading lately. The volume has been good for a few reasons:
1. it appears as though the Orion Conference went well ( the old Yorkton Sec)as they have been buying a fair bit , as has Griffiths Mcburney (GMP ).As has Dhlouy.
2. it also appears as though the seller has finished because if he was willing to sell his stock down to his ACB of .35 previously AND RIDE UP THE WARRANTS HE WOULD SURELY BEEN SELLING THE LAST COUPLE OF DAYS AS THERE WAS 500K ON THE BID DOWN TO .38
Interesting to note that a huge offer that had been at .52 for 100k - 1 order was yanked last thurs.
3. now that the US listing is now longer an 'if' but rather a 'when' I believe people will want to own this stock before our American freinds start to accumulate it.
I will go out on a limb an predict the sort of trading that we will see:
If there is still an overhang-and this may be 12-15 million shares or if may only be as little as a couple million the stock may trade huge volume and only get to .60- .80 range until its gone then gap up with no supply ( in the last 8 months or so we have traded 13 mill. shares approx and probably 8-10 million was institutional- the ones with the warrants.
Or we could just see a steady move right up and through a $1 and if the US participation is strong then we could head for my previous thought of $3US + by years end if the news flow is strong and I believe that it will be!!
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