Looks like the boys want this stock to stay between 27 & 31 for the meanwhile.
Why would sellers load the board at 31 and 32 with reasonable lines (at least in this stock) while the stock is looking under pressure ?
My past experience leads me to believe that a capital raising is currently being worked on and it is important that the share price stays as stable as possible.
It would be lovely to see a placement of 30 million shares at 30 cents to raise $ 9 million be put away to sophisticated investors. This would show a very high degree of confidence in where this company is headed. If this were to happen I believe the share price would very soon thereafter take out its recent highs.
I hope we will have the answer shortly.
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