With all the posts and all the volatility and information being bantered around, I want to post what I will call my Friendly Reminders. These should be studied whenever one is feeling down or worried or, for that matter, when one is too exuberant.
1. As of today, notwithstanding the fact that stock pulled back off its morning highs, we have added 800,000 (1.6MM shares/2 since OTC and NASDAQ count both buys and sells and I'm assuming minimal inventory) shares at levels $2.19 and above. Coupling this with our elite cadre of strong longs and it indicates an upward pressure on the price. The new buyers of today aren't planning to sell at a loss, right?
2. The forward looking fundamentals have been reiterated ad nauseum, but I just want to remind everyone they are forward. Let's not go into a fit of depression if the Dec 1 financials are not profitable. They aren't expected to be, as the Company itself had stated in late October.
(If, on the other hand, they are profitable we're so much the better.)
3.The near term goal to get to $4 and NASDAQ listing doesn't have to happen this week. The Company wants to be listed and it will happen..all in due time.
4. Coconino's new PR firm, GFC, is the same one that represents ERHC. Look at that chart!!
5. Whether illegal or legal, Shorty has to cover and we know what that means. CSMA has received calls from shorters trying to buy stock to cover and do an end around the market. The Company of course, has adamantly refused to sell shorty any shares.
6. When Shorty first hit the stock in the summer, the Company took an immediate stance and asked shareholders to call their certs in. Today, CEO Elrod indicated that he would return 245,000 of his shares to the Company. Very strong move.
7. To those who call these prices uncharted territory, wrong, this stock has traded as high as $10 prior to Shorty hammering it, without any of the fundamentals it has now. DO NOT FORGET THIS POINT!!
TraderGreg |
