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Saturday, May 02, 2020 6:26:04 PM
I say officially, because an Institution may purchase on or after the first day of a quarter and need not report as long as they sell by or before the last day of that quarter. An Institution who's charter indicates they cannot invest in stocks under $1 could have invested on April 1, and if the stock reached $1 they could hold and announce they had a position, otherwise they must sell by June 30th, but nothing prevents them from purchasing again on July 1st. The MM's are only too nice when it comes to working with them on such transactions.
It's tough to say if we could reach $1 this quarter, much more likely in the 3rd, and I believe almost certain for the 4th. If we should reach $1 in the 3rd, $5 wouldn't be out of the question in the 4th. I believe any such figures will be based on actual, or anticipated earnings. A billion dollar market cap should represent earning tens of millions, with the anticipation of growing into the hundreds of millions. Given what we've heard about from the U.K. contract, the sales of fluid, and the growth in the number of hospitals, etc. that are installing or using our fluids through contractors licensed with us, I believe this is very possible. We just need to give this the time to build, if the company isn't bought out. I certainly hope that the company would take no less than double digit billions in a buyout scenario. It doesn't justify that price today, but with tremendous growth of sales, such a price is possible once the stock is selling for $5 or more. It's doubtful if that could happen before 2021, more likely 2022, but either way, I just don't believe the company's growth rate will diminish for years.
Gary
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