We just finished the third straight week of very strong, very positive action for the stock. I've been saying after each of the previous two weeks that things were different than the last six months, and this past week was clearly the best yet of the three. A few sells drop the stock, but each time over the last three weeks it recovers the same day. As makebucks said, WL has to be out of shares (finally!). Even if he's not 100% out, he doesn't have enough to do the kind of damage he did previously, like May 23rd for example. There were three things this week that have me extremely excited as we head into a big week for the company:
--big buys right at the end of the day
--closing at .007 Friday, the highest closing price in the last year and a nice psychological number to end the week
--not having any down days after the huge move higher the week before and Monday.
I wouldn't have been at all surprised to see some profit taking this week, as the stock essentially doubled over the last 7 or 8 trading sessions from where it has spent a lot of time since the drop on May 23rd. But instead of any down days, we had the Wednesday and Thursday where the stock was basically flat. I thought it was healthy to not keep running up (I don't want the momentum crowd here), but an excellent sign that any drops were immediately bought. E-ore said he likes seeing the stock move sideways for a little bit, and I 100% agree with that.
Everything has been so good the last three weeks, and the stock tends to run on earnings releases and/or the 10K release (as makebucks stated). I expect record earnings for the last quarter and VERY positive talk about what's in store for this company, but hopefully investors remember that the quarter/year ended a long time ago. I think it's possible that a good chunk of the Braidy money won't be booked in the last quarter. For me, it's not this 10Q that will be blowout, but the following one. Just my humble opinion, of course.
My final comment is on the dilution that has been discussed yesterday and today. I think the float has increased something like 30 million shares if I'm not mistaken. We know that management is getting paid mostly...or entirely...in stock. 30 million shares, at say an average price of .004, is $120,000. If Cecilia, Coreen and Kathy are taking no actual money from the company at the moment, and getting $40,000 each per quarter in stock, then I'm beyond thrilled with that setup. There will come a time soon enough when the company is generating enough free cash flow to pay them a real salary. I'd think that could happen this quarter even. We should see the dilution slow down or stop at that point. Again, all just my opinion.
Best to all longs,
G
AI
