Replies to post #17041 on Alternus Energy Inc. (fka ALTND)

[Fun4u]

You hit the nail on the head with the last paragraph....power clouds are great and they are brining in $$$$ but it isn't the half of what's going on. JMO.

[NWTrades]

So we both say they wouldn’t push the price higher before a buy back, right? Makes sense. They do care about the price based not so much on what they tell me, but on common sense. Share price together with the number of shares outstanding is what keeps their market cap up. 1 cent on each share is 17.6 mil of the market cap given where we are today. If price went down to around 1 cent, they wouldn’t be happy at all :-)

And I think they got way more than they bargained for with this whole reverse merger and pink sheets trading. But, it’s all right - they appear to be catching up.

I am not selling either, and yes, this is a longer term setup. Even if it gets below 2 cents I doubt it’ll stay there for long.