NewGen BioPharma Corp. (NEWG)

[Big Brother]

New seller showed up Thursday with 825 shares @ $1.35 but disappeared on Friday.

This one's risky and a tough call for me, obviously at this point we don't know if the merger was completed, or what NewGen might be worth, as we don't have the financials. However, my gut tells me this goes up from here. I would not be surprised at all to see $5+ once the merger becomes a done deal and Dr. Jaikaria starts spreading the word to his Wall Street colleagues. There is no reason why he could not take this to $5+ IMO, especially if he knows what he's doing. At the very least he's going to want a $4 pps for uplisting purposes.

Now I don't like the fact that each time someone has slapped the $1.50 a mystery seller has shown up with a handful of lower priced shares. Personally I think they should put a block of 5 or 10K shares or so below $1, then steadily bring the pps up as more volume comes in. If orchestrated properly then $5 - $10 is achievable IMO, if not it will be a bust and end up sub $1.