Ann: Completes $8 million Placement, page-67

Placement shares come out tomorrow...

One of two things could happen....

The stock gets dumped on market and drives price lower... PAC partners are apparently quite good and most stock should have gone to solid holders.... Remember there was $33m worth of demand... You get a few flippers but that is serious interest and i imagine alot of that demand will be soaking the loose stock today and on any weakness going forward....

They are only up 40% mind you which is not massive... I'd say alot of those holders will be looking for 20c ish... which is about 100% and when placement holders can go free carried....

The second senario is the price soaks above 15c which was resistance and should now provide some support... (Note: Gap is now closed)...
This is often the case after a large gap up and retrace to previous support... The candle wiill look crappy but as long as its above 15c it's still bullish

Then... 2A comes out tomorrow... maybe with a Next investors update and they (bid the price aggressively in the morning and drive it higher closer to their free carry price and look to take profits around there....

Other wise its just a slow grind lower as all that excess demand patiently soaks up loose traders and profit takers back down towardsrds some of the short term moving averages... (maybe 14cish)

My guess is this spikes higher once again aggressively before any large selloff.... But we should have a better idea later in the day... Don't discount this thing even closing higher than open today! (unlikely but seen it before) Selling has almost dried up at this level already!