Post by
retiredcf on Mar 14, 2014 9:39am
Significant Vote of Confidence
There are always some posters who gnash their teeth whenever they see a financing (dilution) but given that MSL only crossed the $1.70 threshold for the first time on 26 Feb, the fact that they could raise $20 million at this level so quickly is a huge vote of confidence from institutional investors and certainly bodes well for the future. GLTA
Comment by
somogyeterrenc on Mar 14, 2014 9:49am
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Comment by
bobshere on Mar 19, 2014 3:51pm
Ill be back in at 1.34. I can't believe they did a financing at 1.70. Fundamentally nothing has changed...this stock only took off on technicals as far as I'm concerned plus it took Hodgkin's to start it again..hopefully I'm back in soon...
Comment by
retiredcf on Mar 19, 2014 3:58pm
I assume that you can't believe that the bankers provided the financing for MSL. As for MSLmanagement, they were very smart to arrange financing at $1.70. Far too many small companies arrange financing when their stock is in the dumps instead of on a roll as was the case with MSL. IMHO, these dips are a buying opportunity. GLTA
Comment by
bobshere on Mar 19, 2014 5:37pm
Yes $1.70 was very smart of them but I don't think it was a very good deal for the banksters unless they know something we don't which is actually pretty likely so that's a good sign but if it doesn't happen soon I think ill be buying back in at 1.34 sooner than later. As I said nothing has really changed the last month other than pumping and technicals.
Comment by
bobshere on Mar 19, 2014 5:50pm
Gotta wonder if it will bounce off the 50dma 1.56-1.60. If not down she goes back to support. Can't wait to be able to buy back in and make some more money on this.......