Well I am happy to be out of here.
As per my previous posts I bought in for $1 two days before coes TO offer and watched it fall to 75 cents, bought another batch at 0.78 in anticipation of price spiking as the deadline approached...which it did today big time.
So out with a moderate profit which isnt bad in todays market.
My header is based on the likely scenarion that this would be likely trading in the 50c range had it not been for the TO in line with general market sentiment and the way all small caps have plummeted.
Once the offer expires the general concensus is that the price will retreat substantially..which remains to be seen.
So again ..thank you ..thank you COE
Now of to reinvest the profits into CVN
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IPM
incremental petroleum limited