Replies to post #7204 on IGC Pharma, Inc. (IGC)

[Smilin_B]

I said it's going to be VOLATILE, which means radical swings up and down, as those "retail traders" from much lower take profits while the larger institutional traders re-claim positions they once had but sold due to the 2nd round of financing in the mid $5 range as well as having to sell once delisted from the NYSE

I thought I explained this earlier?

[Smilin_B]

I've been getting quite a few PM's concerning the warrants I've been alerting to, that are obviously trading in the single penny digit and well worth loading as IGCC (IGC) increases in value

Theoretically the warrants should move in lockstep, percentage-wise with the share price but I think the warrants we're grossly over sold at $0.04 when IGCC opened on Friday and theoretically they are only up 100% from that level so yes as IGCC begins its ascent ahead of or during the re-listing on the NYSE, IGCIW should play catch up.

One of the things I like about IGCC is the fact that they raised in excess of thirty million dollars at a price of I think $5.65 a couple months ago and that's what tanked the share price that was trading right around $12 or so after it had run to $14.

Not really sure why these companies perform secondary offerings at such a substantial discount to where the stock was presently trading at the time but the CEO screwed over all of those of shareholders but at least we know that the secondary offering occurred at a price point nearly 3x the price where we are presently trading - and we were trading on the NYSE at the time so all of these institutions that sold out when we got delisted, are piling back in or are still prohibited from doing so until listed on the NYSE.

So .... IGCC (IGC) should have one hell of a continuation rally this week