Potential buyout news affecting the SP would depend on the buyout price. If its a buyout for .20 a share then we go straight to .20. If its for $1, we go straight to $1. Of course the USA pps would be defined by the canadian exchange rate. So $1.00 pps for a canadian share would equal .77 for a US share given todays forex rates.
Its pretty frustrating to see this going down. I've been holding for a long time. They have an awareness problem. Nobody knows this stock exists except Canadians. Going through past filings you see they have done numerous offerings. These investors that were a part of those offerings pretty much make up the majority of shareholders. If a few of them decide to bail, there aren't any general market traders around to pick it back up on the dips. If more US investors became aware of this gem, we could see volume increase exponentially. But even then, US investors have to be able to know how to comb through canadian filings and exchange rates, yada, yada, yada, so getting more US retail investors involved is a chore. You need a really big piece of news. Something like a massive partnership with an american company or a buyout offer.
As for me, i want so badly to add at these levels. Its silly how low it is. Working on injecting funds into my badly battered portfolio. I'm just hoping I don't miss the boat. With all these latest integrations, it appears to be gaining steam fast! Would love to have 50K shares under .08 CAN
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