A Chart
the day this deal was annonouced was a Day traders Day.
They bought the open 27/28 and SOLD the peak 34/36 and the close of 30.
Subsequently the next few days Sell supply was provided by Fortunis 20cent holders feeding out for
5/20 25% gain Minimum.
Please NOTE the very low volumes. This is mainly because of Limited Supply of say $20,000 parcels
Difficult to get 80/100,000 shares at Market especially below 30 cents/
One can not just Ring your Broker who arranges your Margin Loans for 'Tax Dodging"
and say Buy us $50grand FOT at Market Today. Unless you wanna pay 36 that is
No one has to set a price, a reasonable fair price that will 'entice' an existing prior FOT holder to fill your Order.
Remember the Priors are In at 20 cents, Have been holding since December 2012 2 years plus so I reckon
around 30 cents for 100k # is a 'deal'.
Now the RISK is that Fortunis or the Vendor does NOT go thru with this at the End of April
but I'll do more rah rah ramping posting tomorrow.
Would be really appreciated if some other Holders or considering being would post their thoughts and research on this.
cheers.
FOT Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
