Good Afternoon, One & All.
I hope this long weekend gives us all good time to enjoy with family & friends through these difficult covid times of restraints too.
It's been amazing in the last several weeks of NRs that simply keep building up what Loop will be.
A Monster ( the Kraken ) in the AI software world, IMO & Others, that will greatly enhance the capabilities of Loop's Partners, Clients & all Consumers alike. All good, Seriously good.
Now for that time of Reflection on the Matrix.
The 52 week high was $ 2.98 with a 52 week low $ 0.11( March was a true disaster of Longs exiting the market during the Covid crash ).
I looked at the the high of $ 2.98. It was driven by future expectations and then some, IMO.
We saw the aftermath of this high sp of $ 2.98 with the pullback to the $ 1.20 range. But from that point in time, there has been continued terrific ongoing news of what the bright future will be for Loop. All good in my books.
The market mtrx sp close of 04/27/2021 was $ 1.58. On 04/29/2021 the NR started the ' ball rolling ' on sp( not so much) / volumes( large).
From 04/29/2021 to 05/21/2021, the high has been $ 1.79, a low of $ 1.61 with a close on 05/21/2021 of $ 1.74. A relatively tight range.
From 04/29/2021 to 05/21/2021, the total share volume ( info derived from Stockwatch) was 14.56M shares.
The o/s shares ( derived from TD ) is 125.9M.
The market cap presently is $ 219.1M ( $ 1.74 closing sp- 05/21/2021)
With the action during this time frame, I see it, IMO, as Players too ( with $$$$$$ ) that overall wish to build their positions in Loop by surpressing the sp within this range of approx $ 1.70.
IMO, some of the Players are doing their best to draw out the investors who paid less than a Buck per share, impatient recent investors, nervous investors, must sell for whatever other personal reasons investors, etc. etc. All good for the Players who wish to beef up their Loop holdings.
The # of Loop employees ( derived from TD ) is 9. Rob did mention that in the weeks/months ahead they will be shoring up their employee base with more Notable people from large corp.
The firm was founded on June 12,2019. It was done on the strong belief of Rob that he & his team could build a truly Disruptive AI software package that would be acceptable/ needed / must have for the benefit of Global Partners/Clients & Consumers alike.
There is no question in my mind & others that this will be most transformational for all patient shareholders & the users of Loop AI tech.
In the months ahead, IMO, will be even more causes for celebrations as Rob continues with his Barrage of truly great news.
A little side note here on Lightspeed due to some comparing Loop with Lightspeed.
Lightspeed info ( info derived from Wikipedia) as follows:
$ 11.2B market cap.
131.3M o/s shares
2005 - year founded
1200 - # of employees
$ 84.97 - closing sp 05/21/2021
Moving forward, Loop will too show the world that it has the AI software Disruption that will be the ' must have ' for All.
A most Epic voyage to come for All Loop travelers ( Long Shareholders).
Best wishes to All, good health,
Sincerely,
Topseeker