As soon as something like that happens I’d say that we’d see 5 – 10 bucks on the street soon after as the news is digested because an announcement will focus attention on the industries roadblocks/problems and the HUGE Potential of this technology. The old heads will remember Lumera hitting $60 or $70 Bucks when they announced funding/support.
Xster Funds/Partnership May Be the Ticket
There is more Gray matter inside the heads of the BOD than a little, these guys have done this before and know the proper time to maximize the impact.
Here is the predicament that the Shorts have, do they remain short through the Lebby Presentations next month and hope of no news on any front or do they cover? 1 Million Divided by 20 trading days is 50k shares per day to the buy side, Um not good for them. I’d say they will try to cover 50% by then. Who wants to sell them a share? LPC is cool for a while so I doubt it be them. Oh check this math out.
1 Share shorted at $1.50
1 Share Shorted at $1.00
$1.25 Average
1 Share shorted at $1.50
1 Share Shorted at $1.00
1 Share Shorted at $1.20
$1.23 Average
And remember that is 1 additional share that must be purchased back. Do they roll the dice and double down? Do they Cover? I find this fascinating, Time is their enemy. Not Mine My Shares Are Not Borrowed. (The Most I can loose is $1.20 per share, Um The shorts could loose, let me look $5-$10 Bucks, um Oh it is right up there $70 Bucks,,,,,,,,,,,Ouch
Perhaps they can convince us to sell them our shares because Fred Leonberger or Micheal Lebby do not know what they are doing and did not vet it properly.
Xster Fascinating AND Xster Confident