I talked to Lawrie today, and I must say, he is sounding more upbeat
than he was last week.
Things have progressed quite well since the opinion from Revenue Canada
was received. Some investment money has been received, and there are
some solid fundamentals in place that will propel this stock. He is
talking to a lot of people, including brokers, who are ready to come on
board. One must have entered the market yesterday with that 48,000
trade at .14 cents. There is still some hesitation out there though
because there is no specific time commitment (and missed promises), but
they are watching the stock closely.
I'm sure a number of people who read this forum are in the same
position. They are not willing to tie up their money until it is ready
to go. After all, if they buy at .25 cents and it goes to 50 or $1,
that is still a good risk/reward bet, especially in this market. For
myself, I have bought at .11 to .14 knowing it will go someday, and the
gain from .14 to .25 is worth the wait. I also don't have to watch it
too closely and be afraid of missing it. Remember when the last false
start took it from .12 to .19 in one morning? When this really does
move, there won't be anybody selling their shares knowing it is a false
start. It'll just pop and stay there.
I suggest everyone take at least a small position now, and wait for the
next sign. When it goes $2-$4 long term, who cares about the .14 now.
MKD is also working on raising the visibility of the stock. This has
not happened previously because all the pieces weren't in place. Now
they have the agreements in place for the equipment, they have some
money raised, and they have received commitments from CD brokers in
Western Canada to place orders. They have even received orders which are
being filled by their friends in Los Angeles. One of the principles of
CDI is currently in at the LA plant helping with the order, and is
working on the shop floor plan for CDI!
These initial fundamentals are being covered by some newsletter writers
starting next week. This will build support, and we should see the
result in the share price next week.
I am getting very bullish again, can you tell?
Ted
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