Replies to post #1726 on Arax Holdings Corp (ARAT)

[reppiz]

The float is so low that almost any sale is a momentum killer. It appears that it only took a couple of thousand to drop from the high to about 8, and nobody made millions on selling a thousand or two at 13, the actual number of shares sold at 13 or so is much less than thousands. The stock ran largely on speculation, has held at what is probably a reasonable price based on almost no information about financials. Once we get filings the price will reflect more complete information and I suspect the price will be well above the previous high. I do, however, wish that Core Group would begin to operationalize the elements of their platform, file financials, and provide actual press release rather than twitter posts. They should have all token sales cleared by the end of the week and will hopefully release numbers of tokens and maybe revenues from the sale - that may give us some idea of at lease some level of valuation. Stock should be valued around 16 if they raised 80MM in my estimation with no additional information abut the company.