InvestorsHub Logo
Followers 18
Posts 1151
Boards Moderated 0
Alias Born 04/29/2006

Re: Basser1 post# 5984

Monday, 01/21/2008 6:36:37 PM

Monday, January 21, 2008 6:36:37 PM

Post# of 27881
Basser,

When the company started issuing a series of regular news releases starting in November, the share price jumped up quickly in response to the acquisitions and other news given. Had the impact of what the news represented been fully appreciated by the market and had the share price held higher, I think we might still be trying to go directly to the AMEX.

However, things didn't work out that way, and the share price dropped back down considerably. This was very unwarranted, in my opinion, as the value represented by the acquisitions should be reflected in a much higher share price. One of the reasons the price did not hold was that we did not have our own MM (that has now been rectified). The net result was that AMEX became unreachable in the short term.

I, therefore, applaud the company for taking the intermediate step of uplisting to the OTCBB where we can build some more credibility and where there will be time for the share price to appreciate as regular quarterly financials are filed showing the profitability of the company that has resulted from its acquisitions. In my opinion, we will not be on the OTCBB for long (unless the rules for AMEX change with the merger of it and the NYSE announced last week).

NorthLion

I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.