This is a $2 stock. Check this from other board: My Theory on these Strange Trading Patterns.
I have stated before i believe there is a hostile buyout in progress. Hostile in the sense of it being unwelcome.
My reasons are.
The buyer needed to wait until the Enbridge % was determined so he could know the actual company value.
The strange trading started just after the NHS% was clarified.
In defence of this takeover how could Management respond?.
How to increase the value of the company, to deter any buyer?.
The press release on 10th March about the $4.6 million profit share from NHS was very odd. Why that release?, we already know that is not $4.6M of new money. We have been paid through revenue at NHS since commercial operation 16 months ago. I believe the not new news was posted to get the attention of would be investors to encourage people to buy stock. It worked since then the SP has risen 50%.
The volume over the past 2 weeks also supports the theory of a Whale acquiring large blocks of stock, but at limit prices. I was further convinced when the price ran away like yesterday, it was quickly crashed with 700,000 shares captured by triggering stop loses.
To my mind a buyout would not be a bad thing, it could provide capital to the company that would allow new projects to be brought online faster. A win-win.
Food for thought.... Less
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