Since Monday when the 40 Million shares became free trading, there has been less than 2 million traded. In the 3 weeks prior, there was approximately 16 Million shares that traded hands.
I think this is going to get interesting..... The shareholders who participated in the PP appear not to be "dumping" at the moment. I know I am not.
Here is my take...
I personally beleive that shareholders are awaiting the AGM to ask questions and see what "next steps" management has coming down the pipe to create company awareness. I know that a name change and the uniqueness of "electron based" technology is a plus. And the fact that this technology is patented is a plus as well.
I have always felt that the patents here alone are worth between $150 to $250 Million market cap which would put the share price somewhere between $1.00 - $1.50 per share (estimated). And this is why I am here and holding.... the upside is exciting once the catalysts come down the pipe.
We also know the bank balance here and that the next steps of the company are going to need continued cashflow. As this company is pre-revenue at the moment, cash flow is going to have to come via the 40 million warrants at $0.15 cents ($6 million total).... so awareness and promotion have to become a focus in the next steps. A new website and our CEO partipating in podcasts & conferences is a good start.
In the past, this would have sold down (I remember being here at $0.03 cents), but I am excited to see the share price holding its own.
We are getting closer here folks.... I beleive that patience will be rewarded.
FI4