Replies to post #1295 on Spotlight Innovation Inc. (fka STLT)

[Ecomike]

The New ticker will be out in about 10 to 15 days. 20 day clock has been ticking. I am on watch for a financial report of the post merger combined company and Form 4 reports. We still know nothing about the prior private firm financials.

[Ecomike]

It will not go below 50 cents as 50% of the float was bought at 50 cents before the R/S to pay off the old debts, so they would be heavy buyers there, and it may hold $1 as a real bottom for good now as no one was selling below the R/S $1 equivalent price before the R/S, and the volume at the ask was always around $5/share before the R/S for two years. MMs might play a bit with it from $.68 to $1, but I doubt we will be allowed to buy anything under $1 in volume. I plan to buy more at up to $1 for sure.

The float is only 250,000, and 50-60% of that may still be restricted so any positive news, or favorable F-4s and post R/M financials will rally it $5 with ease. Then any news after that of a first business deal, buying a biotech, will run it hard to maybe $10 to $20.