This is my first post in 10 years of trading
I never signed up before, because in other forums I always seem to end up pumping my own stock! (As if none of you can relate.)Sometimes I was right, sometimes wrong, but got sick of it and so years ago just started watching from the sidelines.
But talked to the CEO Friday, and just wanted to pass on what he said - and how he said it.
I asked if he knew why the stock was moving, specifically if any news was coming out in the next couple days.
His response was, "I couldn't tell you even if there was, unless I made it public. But what I can tell you is we're working very hard to get worldwide recognition."
With conviction in his voice, he continued, "And we're making strides in that area."
Next, I asked him if they recently completed a PIPE transaction, and mentioned I saw it at some lawyer's website. (To be honest, I was hoping that website's information was old, because from my reading the night before, it sounded like PIPE transactions are often a bad thing because they are so dilutive.) He replied with an authoritative, almost disgusted, "NO THERE IS NO PIPE TRANSACTION; they are generally too dilutive." (I kid you not. Just like I had read.) Then he admitted to having done a tiny ($25,000) PIPE transaction a few years back, but didn't need to make it public because it was so small. I am guessing THAT is the transaction the lawyer's website may have been referring to.
Sorry to burst any bubbles, but I just had to clear that up.
On the other hand, THIS IS GOOD!
There are better, less dilutive ways "to get worldwide recognition" than through a PIPE transaction. Who knows what they might have up their sleeve.
(Nor does it necessarily mean there is no R/M.)
Last thing:
I also talked to him a couple weeks ago (I've been a bagholder here for the longest time), and AT THAT TIME he told me, and I quote, "There may be some announcements in the coming weeks."
Between these two calls, I am not surprised at all that this stock has finally started moving. And yes, with the low O/S (let alone float) I am hoping for higher prices.
Frank
