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Sobek

04/01/17 10:41 AM

#1190 RE: Fyreball27 #1189

Like bot2soon posted, chart showing a turning point and could go in either direction but material developments over the last quarter and a half indicate we should move up based on solid company growth.

Support still strong in the low .30's with a weak double bottom at .35 now. A nice letter from the CEO along with the 10-K should hopefully get shares churning and draw in more interest. Would like to see us start churning a few hundred thousand shares a day on average in this range before we move up too high though. I know not what people want to hear but I'd rather see super solid support move up in small increments as opposed to running up a glass staircase.

We know the company is growing but can't ignore the fact there are shares issued to SPA's, Doheny, small blocks for services, etc. Though they are friendly and nontoxic, we can't tell what the holders plan on doing with them once off restriction.

Don't quote me but I think Doheny's first round of shares come off restriction this month. They come off as dicks so won't surprise me if they start selling.

O/S 18.6 million, minus the CEO's, CFO's, and float still leaves a potential 2.5 million NEW shares (very rough estimate) that could hit the market sooner than later.

All in my opinion but just want to keep it real as the company keeps growing.