The DD is solid. The question is when it is going to happen. The chances of it not happening is one in a million. They could decide to not use a shell that is already up and running with a tax credit of $44 million? Yeah right. A shell they know who the majority of shareholders have been for the past ten years. Of course. It is all green. It is just a question of the timing of it all. It could be tomorrow, it could be next week, or it could be next year.
Remain patient, but like I said, adding at these levels because of the big pull back would be a big mistake. Why? Someone is obviously trying to take it down even more. We broke some key support levels today (.05).
When we break key support levels, I am usually out! Not on this one. I don't want to be caught not in it. It will all be a matter of time.
If they want to take it lower, they obviously didn't get enough of the float to start out. We picked up on the movement on the stock and the DD kicked in and and we realized there has to something going on.
Palmaz is obviously going public and most likely through CWDW. It is just a matter of time. We know Palmaz will be a great investment in the long run. We will need to remain patient.
All Just my opinion.
Cheers
