re: back to 40 cents/crowd madness xcel...
I think given the current market dynamics and particular record for this stock, 40c is a very real possibility near term.
Anyway, you don't have to listen to me or anyone else here on HC...just look at the charts and make your own mind up. We have seen a significant move in the last two sessions, I suggest that the vast majority of chartists would at least have 40c highlighted as a number of interest.
Importantly, the recent rise has been generated from an announcement which arguably changes the companies future prospects substantially.
At tonights close the company's fully diluted market cap is just $15.6m, of which $6.7m is cash.
This values the rest of the company at just $8.9m...or 15c per share.
Friday's announcement is worth that on it's own in my opinion...but that's just my opinion...I probably know less than you on this issue?
Cheers!
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