Tuesday, September 24, 2013 10:56:46 AM
Here are my reasons why I think this stock will reach the $1 level by 2Q14:
1. 54% of shares are held by the CEO and he will probably not make any substantial sales at this level and risk losing majority stake. If he does indeed sell too much at this point then that could indicate looming cash flow problems.
2. The 46% free float is held by about 300 investors that are also in no hurry to sell at this point.
3. The low sell volume confirms that the majority of shares are in sticky hands.
4. As a new pool of investors discovers the potential growth of Alif, the bid price will quickly rise.
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