It really isn't that strange for a rise of 7 cents with this issue.
See the one advantage we have is that there are very little amount of shares in circulation. Meaning shares are tightly held and that will make for an interesting trading week when we get the news that I expect, of which being on First Nation. See, this news will be a catalyst for so much pressure on the share price, what is known as a spike, that even the Market Makers will loose control and without a doubt must continue to raise the bid to entice sellers and eventually gain the momentum. This will only happen once they realize the equilibrium of the bid/ask or the temptation to attract sellers.
Don't get me wrong, Market Makers know this game and how to manipulation the mindset of traders, however, if the amount of shares remain where they are today even they (MM) will be caught off guard and must act accordingly.
Now of course this can be offset with what most pinklsheet hustlers do is sell on the news and management sell into the press release, but with past indication and I have been following this issues for 5 years, the company hasn't really abused the dilution or polluting the share pool by arbitrarily selling shares. This company has been quite conservative in this matter and we can only hope and I believe that managements interest is towards the betterment of the company for the long-term and shareholders interests.
Either way it's going to get really interesting and I believe one hell've ride.
One reason why this ride will explode is because most folks have averaged down from highs well beyond where it is today and will hold out, thus puts pressure on MM to continue up the bid to entice sellers.
Have a good day
varok
