Yes, I think there is generally a sense of optimism coming back into LWP. There is still a way to go mind you. The announcements were "completing homework" type notices IMO. Answering questions, giving updates, general settling for the majority of the SH base. A good and sensible approach by the company considering the fall in the sp over the past 12 months.
I was quite pleased to see the volume of shares become available in the 4, 5 and 6 lines as those who are moving out will clear their registry and make those shares available for any newbies who may come in with the future JV confirmation or potential H.O.A. announcements.
There has been obvious hesitation for many to sell off below .004 and some hesitation for some to step up to .004 due to the bearish sentiment and erratic nature in LWP's day trading. Of course those who have had enough have dropped into the 3 buy lines but there will be reasons valid and otherwise for that.
A little more Market homework announcements still to come, I think. Tying up of loose ends, results from the independent LSP product to come back.
If the results are positive, IMO, it should lock in those who may have doubts in LWP's long term viability, both retail and institutional, and then with the big announcements (fingers crossed) we should see the caps lift, lines be wiped and the train make some steady and good movement back up towards the 1 cent mark in the next few months. All IMO of course.
Comments for or against are welcome. If you are against or disagree, it will be great to see some DATA to present your reasons.
LWP Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
