I just wanted to point out that in the past two weeks the share price has risen 44% from .05 to .072 on very low volume.
I think the largest volume day was earlier this week at a massive 156k shares traded.
Looking at the buyers and sellers, there really isn't much of either. This only goes to show that with good news, the price could spike substantially. in July when the CODI agreement was announced, 1.3 million shares were traded. If that were to happen today, all the sellers would be bought out.
I anticipate with the coming of the following announcements, we could see a share price raise to IPO levels:
- Sign manufacturing collaboration with an industrial fibre maker
- Sign supply agreements with 2 to 4 well-known global clothing brands
In the meantime, there is nothing stopping the share price form continuing to rise on low volumes.
