600% increase in a week, and still the crazies come out of the woodwork on RB, calling everyone morons for buying this stock. Wow, talk about stubborn. At least Labrador has a reason to sneer, him being a QCOM holder and all.
Also, as far as the value of IMDS, it has doubled from the events associated with them in the last few months, only the shareholders haven't received the benefit from this because of the conversion. But the market cap has doubled because the shares outstanding has doubled, and the stock price is still about the same, .38. But I give kudos to the IMDS management for being able to keep the information about the Virginia trials secret from the bashers who would have attempted an end run throught the Miami Herald or something to stop these trials. And the timing of the news release couldn't have been better, coinciding with the end of the selling shareholders dumpage and the incidental selling pressure put on the stock.
I look for pr next week about the completion of the first trials, and also there is at least one more trial center that has been lined up, according to one of the sec filings. Should keep this stock a rockin' for a while.
But the volume of the previous months is meaningless, someone had a whole lot of shares and they just wanted to get rid of them at any price. |
