Post by
Jentai on Jun 23, 2011 10:15am
My two bits
In spite of all the good news, shares of Medicago are beingkept within a very narrow range and are being dumped within the last half hourof trading to keep them on the lower side of that range. It is being donesystematically but for which purpose, I do not know but I would love to findout why. My own feeling at this time is we will not see a significant raise inour favorite company until the new plant open in North Carolina this Fall. Isuspect also that a US listing might be in the work. Sheldon has alreadymentioned earlier this year that significant revenues are not expected untilthe end of 2012, beginning of 2013. Do we have enough cash on hand? I doubt it and we might see a new PP (and further stockdilution). On the long run, I am still confident we will make money but in themeantime the big boys are taking care of themselves and like in the past theyare still showing total disregard for the small retail investors. On the positive side, Medicago is one of thefew stocks not in the red today and considering the slaughter experienced by jr resources over the past three months, we are not in bad shape. Like Ricky, our eternal optimist, I am convinced we will do well….and in the long run we might see the magic $5.00 a share…one day Here patience isthe essence...Good luck to all the faithful longs