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Thursday, July 23, 2009 11:57:43 AM
Most companies go to big boards to help with ability to raise funds. If FTCH doesn't need to raise funds and is becoming cash cow, PPS will go up eventually, otherwise it will be a target to be taken over by big boys. This might be their way to avoid going to Nasdaq, just get bought out. Hopefully they will act in the best interest of shareholders. I believe they will since our CEO has almost half of the O/S.
I know one company few years back in OTC. It was traded at .10 prior to one mighty day. Then a deal annouced, it went from .10 to $7 at open the next day and hit $11 before came back down to $7. It stayed there for few days then went to $22 ... all withing 20 days.
That gives you how things can go up when someone is really willing to pay for it and when the share structure is low.
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