Was anyone watching the QPWR trade on Friday Afternoon?
I've been occasionally impressed over the last 6 months, that every now and then there would be humungous bids showing up... 300K, 600K, even 700K shares.
Well, Friday topped all these... for most of the trading day, there was a bidder for 1,300,000 shares...
More than this as the day went on, the bid was steadily creeping higher.
My question is WHY? Why would buyers or bidders be showing their hand? Maybe they were hoping someone would dump their shares, and they could catch them?
Again, who knows?
One thing we know there has been disclosed that the company acquired the right to license or obtain the rights to a new cancer drug. It's not just a speculative drug but one that has already been shown to work, now being improved and delivered in a new... more effective way.
If this is the case, there will need to be a cash infusion so that they can acquire the license OR someone else will need to put up the cash and then it would be brought into what is effectively the QPWR shell in exchange for equity. The new management would take control and then take whatever steps necessary to bring this improved drug to the market.
Any public fundraises, will almost necessarily be at higher levels... which means even our reversed share positions will need to be appreciated before the company would consider raising additional capital. PLUS after the reverse split, the company should quite move the share price to the level it desires.
Well... this is what I've been thinking anyway.
Watch for opportunities with those you trust.
AI
