NW, news or inside information trump technical's, but for trading some technical's are good and at major inflection points, not saying they work all the time. That said, on a 3 year chart, today's phony candle tail bottom connects to the phony tail bottom in August at $2.16 and that connects to the phony all time low candle tail in May of 2017 at .68. Just saying .....
It is possible a fund raise for some big deals such as what Henk is about or buying another mill or a partnership of some sort is still possible in spite of the loan. The loan might have been partly for giving a loan to a customer to increase sales, as you stated NW that the loan could be used for that. Also, if it is a big fund raise, the investors would have needed more two months for all parties involved to raise the cash to close the deal.
I don't believe they went to the Big3 to have coffee with some friends.
This would all make sense as to why Mitchel would not give guidance?
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