$$INLC~~~Holding in anticipation for news this wee
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Posted On: 10/28/2013 7:06:27 PM
[b]$$INLC[/b]~~~Holding in anticipation for news this week
After falling from $0.011 on light volume, $INLC is looking ready to make its bounce back to the limelight. It has recently seen heavy volume accumulation, meaning a higher base has been set for the shares to spring off of on its bounce.
There are only 170,892,419 shares outstanding as of August 12, 2013, which is absurdly low, meaning that the supply is low. By the laws of supply and demand, low supply with high demand = higher prices. This share structure is ready to rock in our opinions.
INLC recently filled a gap on its chart to the upside and continued to spring higher. This is showing that there is plenty of strength in this momentum move.
Book value is $0.015 per share!
The company has $4.7M in assets!
Market cap is only around $320,000!
Level 2 quotes show that the asking side is thin - sellers are drying up or being patient here while the bidders have been eager with large blocks of shares they'd like to buy.
As per the close today, there are less than 1 million shares currently showing on the asking side until the price per share is over $0.01!
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