Hi Paul, just thought you would like to hear Don Wolanchuk's latest.
He advises to "accumulate as best you can under $10 because once $10 is taken out, this stock is going to fly."
I believe we will see an announcement soon, and have therefore remained fully invested. I have, in fact, accumulated a little more.
I understand that Cal Reed is in Italy for the purpose of production qualifying Line 2 at the manufacturer's facility, and that the company believes this manufacturer to have a high level of quality. A plus is that most of the line was already production qualified 4 years ago.
I also understand that Dave Archibald is in Ireland this week to, among other things, witness the completion of line 1's qualfication, and that some analysts are scheduled to visit next week. I was once asked what to expect if the visitors like what they see.
This is what I posted:
The first thing I would expect is a substantial increase in price and volume. Soon after, brokerage firms might issue research and buy recommendations to clients - the likelyhood depends on the mix of visitors and their sense of timing.
1-Money managers, who are on the buy side, would use the information as a basis to initiate or add to positions in their funds. They would likely share observations with other money managers.
2-Large individual investors who are doing their own research.
3-Buy-side analysts, who do research for money managers, would make recommendations. They may encourage brokerage firms to pick up the stock, or would sell their research to firms that subscribe to their service, making it available to other research analysts and fund managers etc. who didn't make the trip.
4-Sell-side analysts might pick up coverage and publish research, earnings models etc. with recommendations for brokerage clients, both institutional and retail.
5-Investment bankers, who wish to establish a relationship with a leader in an emerging enabling technology. If and when the need arises, they would already have done some due diligence should the company require their services in the future.
Best Regards, FMK |
