Eyes were fixed on Sebastian River Holdings Company, Inc. (Pink Sheets: SBRH) the last couple days after its consecutive 4 day price gain beginning February 11th. The South Korean Solar Technology Company hasn’t had a formal Press Release since November 23rd, but it was news announced on July 9th that had traders the most exited ( Full Story).
Sebastian River was poised to attend, and exhibit, their wares at “Expo Solar 2011” (www.exposolar.org) from February 16th – 18th. Traders buzzed with speculation that “good things” were to come prior to, during, or after the Expo, but it seems that there may be additional waiting to come.
Yesterday, as the conference began to near its end, the Stock suffered a hit of -42.86% on a volume of 453.2 Million, hitting the Pink Sheet activity leaderboards. Many traders were interestingly exited over the events, attributing the volume jump to a hushed agreement and stock conversion with a business during the convention. Either way, the boards were ecstatic as the market closed with high hopes of news to come.
Unfortunately there may be more waiting to come as the news has yet to surface. With traders seeming to bury down in their shares, a game of patience begins and with it, the hope that the stock will not suffer too much before the news release.
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