My Freightworld Technologies Inc (MYFT)

[microcaps1]

I don't understand the price movement on this stock.

1)They recently announced completion of the merger w a company expecting 10M plus revenues. Very few pennies follow through on announced LOI to merge. So that should've sent stock soaring.

2)Then 9-09 filing whereby insiders buy 2M restricted stock-always a good sign of confidence when insiders buy-in fact some stock services send out notice when there is insider buying to alert people to buy.

3)Third positive announcement in a week-hired somebody to do audited financials. Extremely few pennys have audited financials.

4).Recently receives a target price of .88. I've noticed pennys usually trade at about 1/4 of target at or soon after target is announced-on that basis alone should be .20 plus

5).Stock promoter Willy Wizard has been promoting this for a long time without compensation and has purchased almost 500k on the open market,so you know he has done his due diligence,and expects .25.

I know pennies are often crazy and illogical(as is the entire market)but what am I missing here? Why has price dropped instead of exploding on such a cascade of positive news?