LVH , take 2 pills and call me in the morning
I was very disapointed this morning by the announcement. I believed we would first see financial results, and eventually, if needed, raise money , but at a higher prices.
another reason for disapointment is that there is no mention for the use of the money.(even tough we have a pretty good idea, marketing)
But there are good things from this issue. First, the fact that it is a bought deal and the different brokers doing the deal, makes me believe that institutions took one good look at the story and have decided to get involved in it, and second, the mention that an additionnal allocation was made for an European interest.
Those brokers that are involved in this deal will have to give service to the institutions that bought stock, meaning, analyst coverage of the company. Our exposure will increase by 10 for the company. Also, i believe this means we now have a floor for the stock price.
Not the best deal in the world, and i would love to get more information than just the press release we got but...
Now we will get to the juicy stuff, Year end results, followed by Q1/05.
We should see a major increase in revenus in both quarters and more importantly, i hope to see a + sign (profit) on the bottom line in Q1. That would make us better than a lot of companies that trade at much higher prices but with no earnings.
We are now officially in the big leagues.
these are my toughs, and i dont need those 2 idiots to come in all the time and comment every time the stock is off a penny.
Bet you they were long NT at $120, and are still holding.
Have a good evening