Reeds Inc. (REED)

[gumbie05]

Not to rain on anyone’s parade here but if this thing struggles to get over $1.30 and stay there for more than a day (see my previous posts) then expect a filing within the week disclosing another PIPE transaction placed by none other than Roth Capital (IB) somewhere underneath $1/ share. Knowing Roth, I wouldn’t be surprised if it’s more like in the $0.80s. Don’t think for a second that REED won’t seek to capitalize on this run with this volume/liquidity in order to raise more money. That’s been the number ONE issue with this company....it’s NEVER made a profit! If they could- it would be off to the races. But until then- it’s always best to take a wait and see attitude and jump in right after they’ve place and priced a PIPE/ Secondary and buy around those prices and sell most of it whenever it runs up into the $1.20s+. And then wait and reload. Been doing that for a couple of times over the years and it’s been working like a charm! Good luck

- JMHO