Tradeforprofits, given how thinly the stock is trading, I'm not sure how much validity TA would have on the chart. But its nice to hear your thoughts on that in any event.
It was encouraging to see some big bids pop up this afternoon. It will be interesting to see if those guys decide to keep those chunk bids up there and if so, whether the tax-loss sellers start hitting those bids at some point.
So far it has been disappointing that the company has not done anything to promote the stock, even after they inferred that they were planning to do that sort of stuff in their shareholders' letter that came out awhile back. Not sure why they don't get another IR firm to work with them. Maybe they are thinking that folks are going to just start buying the stock because their financial performance was so great last quarter. That may be the case for the listed stocks but not the OTCBB stocks. They need to go out and start beating the drums.
The company has now maintained a bid price >$4 for a solid month straight. It would seem that, if the $4 bid price requirement had been the only unmet requirement for them to get listed, they would have been listed by now. So now its back to the drawing board. I go back to what I was thinking about this awhile back -- that Nasdaq is asking FTE to file a registration statement for all that stock it issued privately in the last couple of years, before they will allow an uplisting. If so, hopefully FTE sees fit to get that registration statement filed in the next few weeks.
