ann out- 32cps placement, page-33

For those who are interested...

Technical Targets

30cents (gap fill)

35cents (gap fill)

46.5cents (previous high)

48.5cents (fibonacci 50% all time level)

50cents (gap fill)

59cents (gap fill)

72cents+ (blue sky area)

93cents (all time high)

I'm not saying it's going past 50cents next week, but I do see those higher targets getting met over the next few months. It's entirely reasonable to expect some handy gains out of this stock even from these prices.

I might be tempted to perhaps take 20%-30% of my holding off the table if it gets up to 50cents just to derisk my long term position a bit. That way I'll be hedged to sweep up any cheap ones in the 30s if the price comes back a bit when the new shares are released. If it pushes higher, then I won't be complaining :)

Anyways, those are just my thoughts out aloud on a Friday evening. Have a good one.