Thursday, October 30, 2014 2:13:58 PM
With regards to price movement, I guess all that will depend on what is said in the S-1. If they are going to have an offering for $4, then anything under $4 PPS is going to be viewed as a discount to traders/investors so it wouldn't shock me for the PPS to fly up somewhere near the PPS they are looking for from the offering.
For instance, if they are looking for $4, then buying at $3.50 means a likely 14% return and makes sense for someone to buy there. $8 offering, than buying at $7 would potentially offer the same return and makes sense for people to still want to be buying there...
I'm expecting a large move in PPS once the filing is in and a full prospectus regarding current assets, plans for the money, etc. are revealed, in addition to a fat PR (which I think we get today or tomorrow).
In my low side estimate, the company is already worth around $1.70 per share (others value it currently at $3.50-$5.00 PPS) just based on current art assets of $100,000,000+ add in the purchase of what could be a BILLION dollar (recurring) software company and the sky is the limit!!!
Hold on tight, it's coming soon IMO!
TraderGreen
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