Hey Emmer, have you checked the Technicals on this. Needless to say volume is at an all time high....The 1.2M shares traded today represents 2 x Eclipse's annual earnings. That's a POWERFUL statement!
If the Canadian traders get involved, you can bet that it will break today's volume. I'm expecting more record volume tomorrow (Wed) as March 31st is the closing date for the D-504 placement. This is what WOTD described as "SEED MONEY" to implement their business plan. I'd expect more such announcements of what Pat Charles described to me as "creative financing packages" that will supplement the D-504 distributions ;~)
This first cash influx of $450K is to fund operating capital requirements to move the company's revised business plan forward.
Its very important that cash be available to fund ongoing operations. After all, if you can't hire an adequate staff, pay salaries, rent, and IR, you just can't be competitive in this day and age.
Plus the addition of PMR & Associates to represent the company adds an extra dimension of uncertainty. After all, their reputation is legendary...
WOW, this is the third Reverse merger for WOTD in the last year. Looking forward to the forth.
btw - last I heard, they're starting to think about possibly starting to contemplate becoming SEC compliant. It's this forward thinking, cutting edge management style that I love.
GO KBDG, WOTD, IIPT, SIHC! |
