I am sure there will be a temptation to sell out once the price takes a pop up since it has been tough sledding here for awhile. And to each his own - we all have our ideas and different approaches to stock trading. But I will not be too hasty to sell as there are still a few unanswered questions that affect the value of my shares:
1. 504 issue - if there is a forced buy-back, the shares I might be tempted to sell at .03 could suddenly be trading at much higher levels
2. Warrants - those of us who had shares on July 15th and then will hold them for one year were told that there would be a warrant entitling us to buy shares at .01 next year. Right now that doesn't seem like such a big deal since we have been able to buy shares very recently at that price level. However, if things do progress and the company sees a growing revenue stream so that the share price is in a higher range next summer, then buying able to buy .01 shares at that time might be a very nice bonus.
Therefore, I am inclined to not sell my shares very soon.
As well, someone has suggested that there is a 100,000,000 float; I think that is overstating the matter - I believe it was more like 45-60 million, depending on how you factor in the 15 million restricted shares that were supposed to come free next month. Considering that there are MANY shares in the hands of shareholders who could be called "company friendly, longer-term investors," there may not actually be that many shares available for trade. A low float (or in this case a low % of shares in the float that is actually available to trade) could also affect the speed at which NSHV share prices go up.
JMHO.
NorthLion
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
