VI,
I agree with you completely. I believe that most of us thought we'd go above $1 and stay there as we approached submission and then acceptance of our application for approval. Instead we got to $1, but fell as time grew. Now it seems that an announcement is anticipated only on Monday or Tuesday, the share price rises in anticipation of that, so Friday before the close is good, likewise Monday before the close, but with on notice, I suspect that we won't see much happening until Friday again, unless we get something more before then.
I've got to believe that some of this is manipulation by the same people who've been keeping us down all along. Some of it may be frustrated long investors who may be taking short terms profits and guessing that they'll be able to buy even more shares back for lower prices before an announcement from the company. I wish I could be that certain about when the company will do, or say, anything. I believe that L.G. is supposed to be on the Big Biz show again shortly, I can't say when. Could he say something truly meaningful to investors, I believe so, though most may be inclined to wait for a PR released officially by the company.
While I do believe that companies like getting the good news out early in the week, I really can't say the company will fully adhere to such things. If they're satisfied with the application on Thursday, I don't know that it's not submitted then, nor do I know that if they did that they would hold up a PR till Monday before the open. Some companies would, especially if they were sure the information couldn't get out in any other way. On more than one occasion the company has been surprised by a Govt. agency releasing information, and they issued PR statements after many were aware of what was being PR'd because they were available on a public site.
Personally, I think long investors who think they can guess at when the company will release news are playing with dynamite if they're selling a substantial part of their holdings in the belief that they can buy back for less. I believe there may be times when this could be a good strategy, but not until we have a couple digits before the decimal point after a major runup. With the right news, I believe our share price could double, or more in just a matter of a few minutes.
Gary
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