Every post of mine modded within minutes..
Some people hate being wrong.
As predicted by disco and myself.. a $200k placement, as expected, as per previous placements when required.
Good points..
* Pinnacle held their last placement and NOROA. Glad it's going to them, because we know (t50 proof) that several instos have been accumulating Nor. Therefore, of they are to continue doing so, as they have throughout 2020 so far, and today, they have not been handed the gift, and will have to keep buying up on market.
* Pinnacle obviously want NOROA, and still have their previous NOROA. Clear sign that they expect the SP well beyond 8c, in my opinion.
* The $ apparently was not required (as per quarterly) for the usual ongoing Nor costs. Appears this is timed to suit the Spark launch, and may seem Nor are expecting things to ramp up heavily in my opinion.
* All the relentless CR experts were wrong, and so far off the mark.
* $200k again suggests larger revenue, whether Spark, Australian big Telco deal, or Oracle/Metaswith partnerships are getting towards pending..
* If bigger revenue news hits in the near term, I expect Nor well in excess of 50m MC, meaning $6m (now more) Noroa exercised - so, those forever preaching massive CR's.. if you haven't today finally learnt, might be an idea to sit back and see what happens.
If revenue hits, there's likely absolutely no need for another raise, and I would expect the only reason for 1 would be to take advantage of sharp SP spikes - and of course, what could be much bigger things at play, these instos taking over.
Meanwhile, accumulation continues at 4.9.
If 5 gets polaxed.. next is 5.4 - will it back away?
Then 6
Then 7 - Assume the 1.6m will forever back away, as it has done previously....
Alot of buy depth in the 4's.
Ignore the 1.6m sell at 7, and there's virtually no sellers.
Could move quickly.
Bring on spark and others...
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