Bravo DR for telling it like it is. It's hard to believe that anyone can bash a stock that has under gone 2 months of ASE scrutiny and then been cleared. The decline in the stock price comes from the uneducated player in the Canadian stock market who thinks that if the stock is halted then that must be bad. NO ! Quite the contrary. While the halt is an inconvenience, the fact that it was reinstated (and I'm told by people in the know that 8 weeks is nothing short of a miracle) is a rubber stamp of the company's plan.
I've said it before and I'll say it again, I don't care where the stock price is today, I'll look at it again at the end of the year. Bet it's way up then, say like $ 5.00.
Here is the market depth at the close on Friday, as shown by Canada Stockwatch. Looking at the strength of the bids, I's say the decline is over.
Bid
Broker #Sh Price
068 068 7,500 0.21
082 DS 10,000 0.20
068 068 10,000 0.18
006 Green Line 6,000 0.18
009 Nesbitt 100,000 0.18
035 Canaccord 11,000 0.175
035 Canaccord 10,000 0.17
068 068 10,000 0.17
006 Green Line 4,000 0.17
035 Canaccord 12,000 0.165 |
