Post by
tinker901 on Nov 02, 2022 4:27pm
Why the SP did not take off ?
Many reasons
1) There was 3.5 million shares exchanged. So why pay 2.50 when you can get shares at 2.10 ?
2) There is no dollar sign attached to this NR.
3) Institutional buyers do not magically appear on the buyng side. You do PR first then their boars of directors give the go ahead.
4) We just made it over the 2 dollar mark and that is a signal for certain type of buyers to ahead. (below two bucks is not in that game. And like reason # 3 it will take PR and a few days or weeks to materialize.
I was hoping for a better turnout today but it is what it is.
Still a day to remember and record sales.
Our SP now 10 cents better than FL. Next we go after Rock Tech.
Comment by
RetailTherapy on Nov 02, 2022 4:39pm
I think you're drinking your 2 dollar bottle still.... take those rose goggles off and see what the real deal is?
Comment by
monkeyhere171 on Nov 02, 2022 4:47pm
It should be noted that VWAP sits at $2.20/share, meaning that the most buying was happeng in that range.