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SP3 I'm no expert but the Bid/Ask ratio sure makes it look like...

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Namronette

1,620 Posts.

19

29/11/17

09:42

Post #: 29203178
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Originally posted by vontrader ↑

SP3

Comes out of T/H today

Raise was at 36c for $2.8M - this is going to be a red hot play. The company doesn’t need the funds, they have $3.3M cash. This raise is to get the insto set who has been manipulating it IMO, and as they pointed out:-

“Accelerate development and commercialisation of the Remote Gas Detection Camera Technology”

They are rumoured to be partnering with a major O&G player for their leak detection technology

View attachment 853382

Anything under 40c should get taken quickly as apparently raise was oversubscribed big time

I expect this will hammer now the market have it confirmed from the company the gas leak detection is a go !

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SP3
I'm no expert but the Bid/Ask ratio sure makes it look like a bomb is about to go off.
I shall be watching with great interest.
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