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I'll watch for it. I believe that if it trades sideways for a while here though, given it's prospects, it may already be sufficiently cheap to allow the financing. A reverse split will have to happen sometime though to make this stock credible for the institutions to hold, and I agree, this always knocks the price down a bit. My experience tells me though, that there is nothing less likely about that being a pullback from 40 to 30, than from 20 to 10, and a reverse of 10 for 1 to a trading stock at $3-$4 makes a lot of sense in a market where senior investors and institutions won't touch a stock below $2. I still feel there is more upside potential here going out short term or long, than downside. BUT, they are money starved, and if we can't get additional financing then only a predatory "ally" or "partner" awaits us for this terrific product. I very much hope, and think, that management is out there digging up new financing based on the show award story, and the real leads developed out of that. I wait with bated breath for a turning point in my investment . . . but I'll need to breathe again soon! You too? |
