Neighborhood 750K dollars (no, I'm not going to verify with T&S (LOL)) traded in IWEB the last 3 trading sessions. One of two things has happened IMO:
People have thrown in the towel and other folks have picked up their shares (I personally do not think this is the case)
Warrant holders (the 15s) are willing to write checks at current levels and are banking on a small avg return as their shares hit the market (read the blocks started at 1425 and if they get the same amount of shares in the float at 1625 then they have a very tiny profit, but more importantly, the company has capital to satisfy orders and move their business model forward). I think this is what is happening. There may be more to come.
The price is appreciating. Unfounded rumors of a "game changing" order identified on another board. Warrant holders willing to write checks to support large orders to large identifiable customers certainly fits the bill here. This is awesome if this is the case. Because remember, even though they are running thin on margins to get product to market, the fact is that they are making nice coin on big orders.
Very bullish. Lets see what the next PR brings....
Getting very interesting.
Great products + Great support + Toole = Success
Time will tell...always does.
All JMO
AI
