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Gold/Mining/Energy : Markatech - MKD (VSE) -- Ignore unavailable to you. Want to Upgrade?


To: Ted Kosokowsky who wrote (182)3/25/1998 10:38:00 PM
From: BlueIce  Read Replies (1) | Respond to of 416
 
There's been a lot of volume lately as interested investors who have been watching and waiting for things to happen are now starting to come on board. I know at least one stockbroker who was watching is starting to accumulate now. The quantity he wants is significant. If a few more brokers go from waiting to accumulating, it'll be tough to buy large quantities of shares when the public float is less than five million shares.

It looks like the spike in price last week is now followed by a support level building around this price range. It's important to anchor down this price for when the price moves up again. I noticed Wood Gundy was doing quite a bit of buying today. I'm not a good technical chart reader, but people say MKD's chart looks good. Shortly after the CD deal was announced, the chart shows the price has been steadily climbing with support all the way, so big drops in price has been absent.

MKD's IR was tied up most of today in meetings finalizing their plans. The forthcoming news is expected to be a major milestone and I'm looking forward to hearing about it. It's been a while since I talked to anyone about the financing, but one thing that should give people a vote of confidence is the convertible debentures they're issuing through Cameron & Associates pays 12% interest. They're so confident the CD manufacturing is going to succeed that the conversion price into common shares will be at $1.00 per share.

I've heard there's action about their Touchmaster and Autonet products, but I don't have details. I'm still busy doing my Due Dilligence on the CD manufacturing! I need some more numbers, but so far it's looking good if they follow the plan.