Telehealth on the rise, page-31

First 31 Last

Share
Profile

Follow
silverfox3731

3,596 Posts.

723

02/06/17

15:29

Post #: 25068042
Share

Originally posted by Wise_One ↑

FWIW, I see no reason to be buying before the 14-July escrow release of 68m shares (note that circa. 50m of those are held outside management - so no selling restrictions will apply)

All I see the SP doing is drifting lower for the next 6 wks, day by day, pip by pip, as the last Ann says results are now expected in July.

I'd welcome an argument to say otherwise, but with such a large overhang approaching, it probably explains the lack of buying. (I.E why buy now when you can buy later, lower)

Post 14-July it'll be a different story - after those shares are digested by the market.

Note I am a believer in the stock, story & tech. I think the US results will be nothing short of spectacular & FDA approval will be a "no brainer". However, all this will happen after this imminent escrow release.

So there will probably be a V-Shaped recovery in the SP towards the end of July & sometime in Q3 new all-time highs would not be out of the question.

Just my thoughts

Expand

Kind of a worst case scenario Wise.
Good chance many escrow holders will see the near furure potential and hold on for much higher prices..
50 mil shares is a lot in comparison to current volumes but by mid July with good USA results and FDA lodgement we may see volumes that would engulf/ camouflage the escrow sales within the mix.
Nevertheless its an unwelcome fact that some sales of these shares may have a short term effect on the SP.
Im here for the LT whilst always ready to try and take advantage of short term dips that you predict and see that as a welcome trading opportunity for some of my holdings.
Fox

RAP Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
16 Upvote

0 Great analysis

Reply