You're right about the sell side being as real as santa claus.
THat was what kept TOX trading in the 4s for a month. Should have continued on its merry way up but huge stacking of the sell side allowed people to buy up in the low 4s before its next run up.
I believe most people who have sell orders in the teens will remove their orders once they see TOX charging through the teens.
A few weeks TOX wasnt comfortable on its first visit in the teens (for 4 years). I doubt we will see TOX below 10c from tomorrow. It will be much more prepared for its voyage in the teens.
The fundamentals are too strong for it to be trading at such a low mkt cap. A I have stated on here numerous times, the growth possibilites are enormous.
By christmas, we will see a close reflection to the fair value of TOX. Once the oppies are exercised and there is an extra $3 mil in the bank, I believe a larger proportion of the market will take much more notice of TOX.
TOX will also be more aggressive in its expansion plans once the oppies are exercised. More money to expand internally through plant upgrades and externally through acquisitions/JV.
TOX has seen a phenomenial run this year. Next year will be even a bigger year of TOX. Forget year of the rabbit next year, next year is year of the TOX
Cheers
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