Thanks for the info Chief.
That confirms what I had been hearing. Any news that talks about revenue coming in, is pretty good news, IMO. That shows the company is making progress in selling their products or services, and will have more revenue coming in. It is becoming more and more apparent that Bliss didn't do much research. His report says he wonders how the company will finance itself with it's current revenue stream, but FAILS to mention these new contracts coming in. As I said before, I think he used old data to write his report with. Not only that, it looks like he used an old source for his info....M&A West!! It is my opinion, just a hunch, that M&A West has the short interest. I've seen that happen with BB company's a number of times. They give some stock to a promoter or investment banker, and the promoter/banker turns around and dumps it, and then shorts it. So not only did Bliss go to an old source for info, he went to one that has an ax to grind (as we all know M&A West was let go by the company also).
Technically speaking the stock is ready to break over 2. Once it does, I think it can move much higher very easily. One of the orders I put in yesterday was for 3,000 shares at 1 13/16. Only 2,500 were filled, and the bid/ask was promptly moved to 1 3/4 x 2!! So if the buying comes in, it's going to go, IMO.
I'm looking forward to Monday.
B |
