So, I went back and reviewed a few thngs worth mentioning. Recently when the price spiked it was due to overwhelming volume. I'm talking millions of shares traded, which wasn't dilution but rather demand. Someone or somebody's in my opinion must have gotten wind of something the rest of us haven't as of yet. But then again, check out this little bit of info that was released in ITRO's Feb. 17th news release:
"The Company also completed and announced its growth forecast which centers upon its 10 year business plan designed to integrate its Zero Waste Energy Saving Technologies and to grow annual sales from $2 million in 2019, to $140 million in 2025."
At 2M shares, the PPS currently has the company valued at about 2.3M, which is a little more than last years sales. However, if ITRO can pull off the growth they are predicting and do not dilute, then each share could potentially be worth roughly $70 a share by 2025. Thats $140M divided by 2M shares. Little wonder there was such a surge in buying.
Others thoughts?
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