Wantobe - as I indicated earlier I'm not sure how to read the activity in the stock. I'm just speculating (as you are) to what is going on. I don't think this stock would or should fly on press releases because who the heck knows about this company, other than those that (a) own IBCL or (b) are involved in the private placement for Nova. On the other hand I think shares will be hard to come by, hence why we moved up what almost 100% yesterday on slightly less than 400K volume.
Look at it this way. We've known for a while about Nova and HNWS. When I first found the HNWS Q that mentioned Nova and posted it, several folks here speculated and bought HNWS. That was like in February. I think we had a brief run to 4 cents, but it faded quickly and trading dried up. I think that activity was created by folks like you, I and others who follow IBCL. In that sense we were alert to pick it up and "somewhat" understand it. Don't forget that first Q stated a 1 for 20 split. So my only reason for thinking yesterday's action was because the 14a was filed.
Now regarding your comment:
"Just because there (sic) target price is .36"
Who is "there", which should of course read "their", but I'm not picky. LOL If you mean the folks I speculate is driving this up, those that are funding the private placement, then I understand your use of the word "there", but I'm not sure they have a target.
But let me go a step further. If we believe people are willing to fund Nova by buying into the PPM with the warrants and all, then why even sell pre R/S? Why not sit out the R/S and then own 14K (in your example) of stock that has potential to (a) get onto NASDAQ and (b) become what IBCL never did? With such a small float, would that not be an attractive proposition?
Just thinking out loud.
And while I'm at it. Let us look as some dates and speculate a tad more. At least it gets me away from trying to figure out what DB did in her first year. LOL There was a date in the proxy, next Friday a week from today as the final date for ownership and the right to vote. I would love to see people buying because they want to have a bigger voting share, but I don't see that happening. However, will the action to increase the price (if that is what is happening) continue beyond 6/13 or end there? I tend to think that date is not important. The shareholders meeting isn't until July 11th, so the R/S will not take place until after that date. I am expecting it to be ratified or approved, because TM and company control enough shares, but the final value of the split will not be set on 6/13 but at some point in time after the vote. I suppose regardless, I see an interesting month ahead. Put on your seat belt. LOL
The best weapon against "fear" is "facts"!!
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