Posted On: 06/07/2014 1:42:59 PM
Post# of 1143
Thanks PC! This is going to be an explosive stock once their superior technology is ready for commercialisation later this year! I can't think of a better stock to be in for either the short- or long term. Once the mass media jump on this its going to be a wild ride IMO. For the short term I expect some downward pressure from Warrants that become free trading on June 13. Although these 7.7 mil Warrants have a two year expiration date I still expect that some will be sold. 2.7 mil of them are held by Pinetree Capital & since he has been buying like crazy in the last few months I don't expect he will sell. So that leaves 5 mil Warrants. The exercise price is $1, so I doubt that investors will sell them all at the current SP range of $1.5 CAD.
With Milestone 8 to be ready at the end of June & the Pellegrino report that awaits us I think we'll see much higher prices before Warrant holders starts selling. IMO of course...
With Milestone 8 to be ready at the end of June & the Pellegrino report that awaits us I think we'll see much higher prices before Warrant holders starts selling. IMO of course...
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