Good on you Mav.
Really liked the way all "large" sellers were cleaned out and how we finished so strongly on our high. Resistance seems to have been completely absorbed. But, it was the rapidity and consistency of it that is still intriguing.
Monday opening will certainly tell us more, but, just think that "the market" had ignored us for far too long and the gaps between us and the rest was becoming irrational, if markets can ever be described as rational.
E.G. Compare the "vulnerability factors" when BPT got to $1.70 while ICN was down at .19, made ICN like a sitting duck on the pond. BPT could have got control with a piddling 1:5 paper offer.
IF, again, a very BIG IF, BPT was eyeing off ICN, they certainly have had their chances with such a disparity in their respective SPs and the growing discontent of ICN's SHs. That is looking more remote by the cent.
Now at $1.65 to .25. and, probably rising(SMOO),
minimizes, even removes, the "ADE" factor out of it and is putting ICN in a much less vulnerable takeover position, at least for anything below .40 even .50, which will make 6379 happier.
See what happens Monday and we can compare guesses again.
And Speculator, I agree, Chinese money for ICN will be playing a huge part in ICN's future, starting with 855. Watch that space!!!
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