Speculation… lol - I think San Fran is gonna be in trouble! :)
The comment; "our share price at RVX needed to be higher in order to justify that deal/arrangement"
I agree that it would make an argument for a strong business case to suitor investors and I can only hope… however I have been jaded and have difficulty seeing the SP rise and hold its position. I posted my reasoning a few months back and have copied it below. As everyone is aware and as evident of what we saw yesterday, it all boils down to "NEWS" to draw in the masses and it’s the reason for our increased volume.
In my opinion, to reiterate what I believe is going to transpire;
Since RVX has been held down to such low levels for so long, we will start to see a higher volume of "ASKs" (profit taking) which will not support the “BIDs” to cover, so SP will slowly drop again. I have seen it for YEARS! Until we continue to get NEWS and more notably - Analyst coverage this vicious cycle will continue.
I truly think (of course this is all my opinion) we will not get the opportunity to see a huge lift to SP. NEWS will happen overnight.
You all know my position and yes I am 10 years older now… but smarter.. I think lol
GLTA - Do you own Due Dilgence
Long.
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PREVIOUSLY POSETED
I have come to the realization that the stock price for RVX means absolutely nothing. For the most part, it is basically the same players buying and selling. Since September, sure, there has been new investors introduced and who have bought (also some of us greedy Longs have bought more). What drives SP is attention. What brings attention is News (from many sources) and until that time happens, when we see +500,000 shares moving a day - its the same old folks whispering ... "hey buy into this company". In my opinion, the SP will continue this journey of fluctuation. Honestly, who cares if today we close at $1.50 or $2.00? Yes, it shows wonderful in your portfolio but until you hit sell (which the majority won't do at this bargain price), it means NOTHING. So what I am basically saying and as the chart today demonstrates - there is no interest because there is no News. What other company on the verge of a big scientifical break through has a bid Volume of 12K from $1.27 to $1.72?
This is this is Risky business. At this moment in time, in my opinion, it will be a major announcement that will happen with no warning (positive or negative), that will take us to the pie in the sky or bust... no inbetween.
As always, this is my own personal opinion and not investment advice - please do your own due diligence.
