IOW the investment thesis is starting to get more traction and instos with an overhang are relieving themselves without any downward pressure on the OMN SP.
Ok, I see what you mean now. Sorry, it just wasn’t clear (to me) from your previous post.
Do you not think that is great stuff? Or would you like a downward shake?
Well, I will personally call it “great stuff” if and when there is evidence of meaningful revenue flowing in; I do not see the recent SP rise per se as an indicator of increased probability of that happening.
That said, given the very high percentage of total outstanding shares that had already changed hands 3-4 weeks ago, and given the absence of meaningful price-sensitive news, it was kind of predictable that the SP would start rising before long; with less and less natural sellers every day that passes, and no news on the horizon, it is a bit like reverse gravity.
So I guess I’m glad I bought when I did, as the price would be worse today, but that isn’t enough to make me feel I’ve done “the right thing” just yet.
Interesting corporate situation, for sure.
OMN Price at posting:
$1.21 Sentiment: Buy Disclosure: Held
