Speaking of new highs.....they may be coming sooner than any of us think !!
I just did a little research (because most of the true longs have a good deal of time on their hands !) and found out some very interesting and common patterns to the trading activity in companies that in the past have entered into deals with Ironridge.
AVTC - 7/13 - 2.00 - 1/14 - 8.00 - now 2.65
AXLXD - 2/13 - 1.25 - 3/13 - 5.00 - now 0.17
SKNYQ - 2/13 - .0008 - 4/13 - .0090 - now .0006
SIAF - 2/13 - .40 - 2/13 - .71 - now .40
ADXS - 12/12 - 4.00 - 2/13 - 17.50 - now 2.90
A. The SP spiked from high to extremely high in a time period spanning between 1-2 weeks to a few months,
B. All these companies never regained those highs again,
C. AVT 12/31/13 Revs. = 15M / NI = 0.8M
SKNYQ 6/30/12 Revs. = 1.2M / NL = -1.8M
AXLXD 5/31/13 Revs. = 902k / NL = -1.0M
SIAF 12/31/13 Revs. = 261M / NI = 74.0M
(I can't believe the last co.'s info. either --- some on Yahoo think it's a scam; needs DD done obviously !!)
ADXS 1/31/14 Revs. -0- / NL = -74.0M (cum. 2002-2014)
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D. IR being involved tells you neither 1 way or the other about the value of the co.
E. When IR "sends" the price up after it gets its shares, you'd better keep a sharp watch on the rising SP, because depending on the fin. health of the underlying co., the price probably won't stay at the high of the spike, when it peaks !!
If anyone wants to do other DD in this area, it would be greatly appreciated -- I got SP data ests. from Stockcharts.com and financial data from OTCMarkets.com .
The companies listed in IR deals were pasted in a message on 1 of these co.s in Yahoo .
GLTA !!
