I made good money cause of you on RCON.... Thanks, grabbed a few today.
the tiny offering did not go well - company had to reduce the price of the shares and warrants by more than 10% as obviously the buyers complained about the share price dive.
no worries...simply raising cash to finance their ambitious plans to service the upcoming fracking revolution in the homeland.
the company is a hype stock with very limited business activity so far - the story is all about fracking becoming a big thing in China. But this is a tiny company with annual revenues of just above $12 mln in 2013 and zero visibility into strategy and growth. For example Q1FY14 was weak with revenues coming in below $2 mln and the company had not much to say about new project orders. So the company has traded most of the last year below $2 for a very good reason: this is VERY minor player with no proven path for growth. Buying into a minor US oil and gas little rat-shop doesn't make things any better from a strategy point of view.
The stock has profited from recent momentum buyers and some positive articles on seekingalpha but clearly does not deserve the hype (like almost all of the other momentum plays these days).
Because of the price appreciation the company was lucky to tap the US capital markets to take in some much needed cash but clearly killed the stock price for the time being.
For longs there's plenty of hope here - the stock might be picked up again as a momentum play once the company offers the slightest piece of good news or numbers. So I wouldn't read too much into this decline triggered by the secondary offering. In most cases the shares manage to climb back at some point in the future.
I don't have a position in it but keenly watching. Hoping for price in the teens or high $2s then I'll jump in! This is a travesty what's happening to this stock. Wow.
It's crashing!!!!.... I've invested money in it and I WILL HOLD. It will go back up but WHEN is the big question, maybe next week, next month or next year or two.... but I am keeping the money in it.... too much invested.... oh well. I did this before w/ RCON and it crashed back in April 2012 and I made a huge profit Oct 2013.....Soooooooooooooo just watching and holding.
Under RCON . Under the link that says Message Board you have Market Pulse. Scroll back through the messages for RCON and see my alerts on RCON back in August, July and June when this was trading around $1.70's. I was the only one to call RCON and made my members 300%.... Happy Holidays.
DNAX looking good here! Start your research!
Micro cap of only 2million. Good luck guys. I gave you RCON for a 300% return. Check Market Pulse for confirmation. $1.80 to $5.50 -- DNAX I believe will be the next big mover. Happy Holidays to all.
Sentiment: Strong Buy