This is great news and shows the ongoing commitment to turning the company around. Over the past months I’ve been impressed with both DF and HH on the times that I’ve spoken to them.
Like many longs, I don’t believe all the crap that some people have been talking about Dumping Dave etc; you all know what I mean.
Yes, the share price should be trading much higher and I do believe that it will move up but it’s going to take a lot of momentum to move it. We’re in a place where it’s easy to buy at trip 1 and sell at trip 2 for a 100% profit or vice versa for the brokers and MMs.
Just because the filings are going to come out imminently doesn’t mean that the SP will fly up, there are forces at work here that are manipulating the price to their own ends, we’ve seen it time and again.
There have been some big trades lately the so called ‘dumping’ of 50M shares; Blue Horseshoe would have us believe that over 800M shares have been dumped recently – I don’t buy into that personally but I can agree that over 800M shares have been traded.
I do wonder who is buying them all, sure the brokers are taking some but I have a gut feeling, based on intuition (nothing else I’ve no inside information) that some folks out there are accumulating large blocks of shares here and I don’t know why.
I’m hoping that we’re going to see most of the debt has been cleared (maybe a few million left) and we have some bigger investors coming in
I do like the CFOs comment:
“Fortunately, we will be able to confirm much of our fiscal year end March 2016 period simultaneously."
This suggests that we’ll be getting the reports quickly which will hopefully concentrate the momentum to move upwards – when it does happen I hope it moves quickly but I’ve seen too much manipulation here.
Don’t want to put a downer on things here as I want the SP to move but let’s not get carried away with enthusiasm just yet – let’s keep it for when the filings are released…
Per Ardua Ad Astra
