Going all the way back to last December when the oppies were under 1/2 cent and the shares traded between 1-2-3 cents the shares have gone up to trade in "higher boxes" with typically 60-80 million shares traded in each box before a volume breakout into the next higher box.
Suspect that a lot of shares are no longer "free floating" so the "step-ups" continue. The top of the current box is 10 cents. IMHO we are heading much higher towards (probable) 15-20 cents (speculative) BUT if the two new proposed purchases are strongly revenue accretive then we get into a high volume "charge". Could be the folks who are selling a deal to TOX getting set or other deeper pockets coming in. At the moment we are looking at around $4 million in earnings. Assume a new deal(s) add $2-4 million = $8 million x PE15 = $120 million or 24 cents per share as a very speccy peak valuation.
Add to My Watchlist
What is My Watchlist?