The question is: How much would YOU pay for a profitable company which just announced they are doubling in size with the debt paid off and will be announcing their second year of audited financials shortly?
With this announcement the share price went up to .12 - literally about 20 per cent on Friday. Any type of profit taking (which is incredibly foolish at this level) should get eaten up and this will bounce back fairly quickly. Buying should continue to be fairly heavy with investors eating this up from between .12 and .15 this week.
There will probably be brief consolidation periods with this continuing to move forward as this is now on many investors' radars. Confidence is much higher now than it was with this announcement as investors love positive growth signalling growing potential.
If it were to dip to .10 or lower, investors wouldn't panic - they would buy in more! I know I would!! They are starting to realize this could be their next 10 bagger (or more!) if they hang onto it awhile.
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