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Prudent Capitalist

04/24/12 10:50 AM

#11857 RE: spaceblob #11856

Bid is creeping up and at .151 now. Not likely that it gets back down to .10 if we continue to get positive news like today's sale announcement.
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RFB

04/24/12 11:06 AM

#11858 RE: spaceblob #11856

MMs are providing support right now, albeit weak support and liquidity on the bid. They will move out of the way with any significant volume, but not going to put up my teams money to break resistances...I will initiate any free falls, but that is not until we can get through .14 price point, which I dont see, because as mentioned, MMs doing what they want at the moment and addings liquidity to prevent my action from taking out support below .14, despite the fact much of the action still remains with the bid sitters.

As for the overall health of the security, it is still ill for the lack of better words. It lacks any substantial and sustained volume and as such will continually be manipulated by traders and MMs. While Toole may have done some branding, he may take a course on reaching investors. His last company was private....a different ball game when you playing with the public boys and girls.

As for Southern, they mentioned in a previous article the price of the base 7000 operating system. They can not, nor should they put a dollar on the sale as this would lock them into particualr pricing points and likely reduce potential margins on each follow on sale.