One other quick note, with a little support showing up and given the scenario where inevitably we will see some form of development materialize, at least not too far down the road, why would anyone be jumping at the opportunity to sell at this level? Wouldn't make a lot of sense to me.
Look at it this way, we have been in a news blackout, more or less, we haven't (officially) turned a profit yet, the core business entity may be being sold (at a price that didn't look very good, given the available info) and we know a new venture is being looked at, but we don't know what it is. Short of just folding there shouldn't be a lot of downside from this point, so if we see some renewed upward pressure, why rush to sell, wait and see what happens. Just my thoughts and opinions.
The other thing is this, although it is good to see support coming in, even at 114K shares we are still only talking about 16 or 17 thousand dollars. There are a whole lot of people out there, who can afford a speculative venture of that magnitude.
Salut,
Leigh McBain |
