Kevlude's Profile
Kevlude's Posts
I don't think it will be hard to maintain 10 to 13 cents per share without news, there isn't much needed to hold that low price, future potential is enough. It would be a different story if it was 40 cents per share right now.
Thanks for the explanation, makes perfect sense!
Hey PC,
Now that I think of it, although this would not be ideal for dilution, would an investor not be better off if the company didn't extend the 25 cent warrants, and instead they had to do a new PP at say.... 20 cents? Would that not put that investor ahead if they then particated in that 20 cent PP versus exercising 25 cent warrants?
At this point, my opinion is they have to extend those warrants(I don't own any), but what do I know...
I wish I had some money...
I'm curious, I never understood fully volume vs share price. I've been trading and investing for years and thought I had a pretty good understanding, but can someone clarify the below?
From December to February, it took over 10 million shares traded on the way up to bring the price from 10 cents to 30 cents, now it only took couple million shares traded on the way down in the past few weeks to bring it almost all the way back.. I know that happens all the time, just curious if someone can put it in plain English why one fifth the amount of shares can have as much of an impact.. what gives?
You're absolutely right Khareema, these are the days of short term trading for sure. 4 or 5 cents per share is probably more profit then most long term TSX venture traders in the past 2 years.
Although if all the holders of those 14 million shares/warrants that become free trading monday all deceded to sell at once, I'm guessing only a very small percentage would make a profit as the share price would potentially tank past 15 cents pretty darn fast.