I think the main argument for the holders here is that since "sophisticated investors" bought at 1 cent, that means something big must come and those sophs will see big profit on their investment.
Could be true, but not necessarily!
They could be making their profit right now selling at 0.6 c more or less. ....
how ??
One need to ask themselves who are the vendors of the upcoming acquisition.. and what is the true price they will sell at VS the true market value.
There is a little concern that 20o million shares were sold in one hit and we don't even know who these people are, no sub notice... nothing. It seems they are determined not to be known.
Sell a project that is worth zip at $3m through good "marketing" .. acquire shares in us at 1 cent, get the poor punters in, sell those shares at whatever price, and what u paid for the shares you get back through the acquisition.
Not suggesting this is the case here in any way, what I am saying is that there is so many ways to skin a cat if you are clever enough.
DUO Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
