|
Oh, my!! With such a relatively small float on IGEN stock, short sellers are really at risk of a squeeze. I think they will get it, in a truly classic fashion! I find your words reassuring, John, although I feel that they only reflect what the market has been telling us. We have seen such great value added to the market cap that one really has to strain to imagine that a potential settlement could account for it. A settlement will hand us a bunch of dollars and perhaps the prospect of more realistic future earnings, assuming the license doesn't go with it. We have seen the market cap zoom this year from about 180 mil to about 680 mil. If a settlement paid us 500 mil, in total, you can bet that buyers would not be paying a sum for stock that fully valued that amount. No, they want a bit of room for profits. A deal with HP? I feel they would be a fine partner to develop the potential that we feel is there, but increased stock price comes from that potential - and little of it would flow from a possible 100 mil up front payment. So one must look to the potential to explain the stock jump. Now, I personally do not feel that my background is adequate to assess just what the potential may be. Science is not my bent. But I am an ace with logic. And logic sure tells me in no uncertain terms that others are assessing the potential and have been convinced that it is strong enough to ultimately produce a very strong stock price (far more than at present) coupled with a very satisfactory growth or dividend stream. From watching the tape, I believe there are large investors involved and I think it likely they have made a good study of that potential, simply because wealthy people can afford to do so and customarily marshall the facts before they commit the bucks. On the other hand, I think a lot of short sellers are more than likely doing their analysis with charts and moving averages and candlesticks and stuff like that. It is true that I generally place greater reliance on value analysis than technical analysis, but the real point is that the latter gives no recognition to the truly revolutionary idea or product. |
