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Re: Sky-King post# 16284

Monday, 05/04/2009 3:02:17 PM

Monday, May 04, 2009 3:02:17 PM

Post# of 19550
Actually, it's an indicator that either not many want to sell at the bid price (approx .0225) or buy at, or above, the ask price of approx. .035 as they have entered their limit orders as such. Obviously, someone has been wanting to "jump in" and start buying for, who knows, what reasons, but he set a price limit at .035. For now he may be waiting a while for it to slip back, and then go for more...it's becoming interesting, but it's low scale buying that's goin' on here.

We can expect the price to be stuck between .02 to .035 for a long while. This won't do much for us. However, IF we get a really impressive Press Release that provides the disclosure that we've been waiting for THEN we can expect a whole different story IF enough potential investors are keeping their eyes on Veltex, otherwise it will just sit there at the current price.

Best wishes,
Gratzi