As of end of next week, after next payment of stock by rcpi to Maxim and convertible noteholders, there will be around 48 million shares outstanding, so market cap is closer to $720,000 @ .015 cents per share... market cap should be closer to 7.2 million... just my take on what ip and co is worth less bad financing and other debt. I believe Maxim and convertible bondholders already sold the 20 plus million shares they will be paid on or about June 15th ... so should not put any downward pressure on stock.
I have seen CDEL trade on same side of trade as Maxim, but suspect they too want this to move higher, maybe they have some retail that wants out.
anyway.. the bid is starting to rise now.. we are just about hitting the middle of the day... i think stock price should begin to rise nicely soon.
I really like the buy and potential new buy signals that we can see or confirm in the below chart:
PPO is curving and beginning to move up with 12 day due to move thru 26 day on rise today or by Monday.
ADX is curving down from high around 46, now around 44
Full and slow stohastic is moving up.
5 day rsi showed buy when moved up thru 30 7 day rsi confirms this and did not break much if at all below 30.
5 day ema showed buy... I believe it is confirmed if we close above .0154 for 7 day ema today.
The final buy signal and breakout for me is if stock price can move thru the kaufman moving average today or monday, which is just below 1.8 cents.. next resistance would be about 2.5 cents and then the move should be on.