EIQ Charting Thread, page-170

Thanks for your response, champ!

• I mentioned shorts to give an impartial balanced view. Bearish? Maybe. Price was moving down so basically stating obvious at the time. I never stated the amount of shorts until later. You only assumed that I stated there were a ton of shorts. There still may be or they may be not. The short sale data reported can be 4 days behind so its not up to the minute or next day. We will only know 4 days later which still could be anyones guess. Most recent data is tiny, sure, $16k worth so totally agree with you there. Still does not make me wrong.
• Volume Mid Dec to Mid Jan is always seasonaly low, so its very difficult to get a true picture on buying levels at this time. You can view the price action as both accumulation and that is entirely a subjective view so that is your fair call. As price was trending down, I called it a distribution so that was my call at the time and I justified it by the range trading and stated the levels and reasons why so that does not make me wrong on that count either. Its just a differing of opinion.
• SOI - I stated approx 700M fully diluted to give visibility to the stock/options in the 3 year pipeline that would eventually need to be accounted for and shareholders eventually pay for due to their dilutive and real cost when excersised/vested. I also referred to the 47.7M raise amount specifically so not sure how you missed that.
• Sure EIQ is a different company from 2016, but management could have consolidated the register by a 10 to 1 so we would be talking about a $2 stock instead of a 20c stock and at a $2 price gives it less of a penny dreadful feel than a 20c stock.The fact remains they still have over half a billion SOI.
• I didnt refer to the news announcements at all because that is all talk and spin. All investors really care about at the end of the day is if their investment is working for them or not via the SP. If it is, instos will also come on board and support the management, their tech and their USP by buying the stock, if not, then it gets neglected and becomes another ASX hopeful. If there is revenue, the instos will pull it apart for margins, sustainability, deliverables, and projections of further revenue, let alone profit! If instos like the story, they buy and SP goes up. That's it.
• The 12 - 18 mths runway. This is like measuring a piece of string. Management could do any number of things to significantly shorten that runway so that 18 months is no way guaranteed. I am almost certain there will be another cap raise this year for something down the track that management will spin as the latest and greatest tech/acquisition/merger as EIQ is still in growth stage. Whether it will be good for shareholders long term will remain to be seen.

Sellers have taken price from 26.5c down to 25c as of time of writing so unfortunately for bulls its back to trading range...