This is only speculation, so take it with a grain of salt. EPTG traded a lot of volume in the $3-$3.50 range before dropping down through $2 on low volumes and poor market conditions, tax needs may have added to this, as well as, no press. I suspect that it will not take a lot of volume to bring the price back into the $3 range, considering how few people were willing to sell it below that (about 1,000,000 real shares on days that closed below $3) over the past month. I would think that going back to $3+ should not be a big trick (now that Q4 is out of the way) over the next million shares, 2 million by NASDAQ count, once we see some press supporting CC statements. There should be some key events that materialize in the near future, before Q1 reports. Q1 is a lot closer than most realize. I think we are about a month away from seeing what improvements in the corn and potato losses have materialized and from having a more tangible understanding of the guidance that was given at the last CC and a lot closer to hearing about new contracts that should be significant to revenues. Good fortune to all.
As always, this is not advice. Hopefully, everyone is doing their own DD and not relying on mine or others as anything more than food for thought. |
