In a perfect world positive news stories always would have a positive impact upon share price but experience has taught many of us, not all, that it is difficult to predict share price movement based on all known factors. The old adage, buy the rumour and sell the news certainly was the case here. Baltia, since that is the title of this message board, trades entirely on sentiment and is not trading on fundamentals but speculation. The current conundrum facing investors is very similar to the new industry versus the old industry thinking process that pervaded the markets during the tech boom. Companies were bought and sold by investors based entirely on projected returns based on nothing but someone's opinion as to how much money could be made. Baltia falls into this category - the enthusiastic projections often are meant to justify not only the level at which investors paid for their shares, but the amount they placed at risk. All investment capital is at risk and effecting a sale of a security based on the absence of risk is not allowed. So Baltia shareholders placed their investment capital based upon everything but fundamentals. Ask yourself a number of questions, including these two:
Did the share price hit .02 before the meeting?
Did the share price hit .05 after the meeting?
So it seems sentiment was manipulated for someone's agenda.
