Post by
trendisafriend on Nov 10, 2008 11:44am
I think we can see 30 cents in November.
I too think a financing will likely come, but I think we have to see the type of trading and volumes that are coming to guess on the pricing. Usually financings are done at some kind of discount to the market, as there is a hold on the shares. So, Id like to see what happens in the next month, there has been news I guess, but I didnt see a move up in the price. Some volume sure, but bid ask is 33.5 to 44.5 cents now, so that is where I base my thoughts on the 30 cents. We will also have to see about year end as the price of shares were above 1.00 or so. Even early OCT, pricing still about 75 - 80 cents and now stock is half price from there. Id be interested in trading over the next few weeks and if no break out past the 60s or so, then I think wait out the year end market and see what the new year brings.