Great news for all shareholders, flash market research (google them) did a new profile on UPIP. I made $140k over the summer on their research report picks, so this is not something to take lightly. I expect a solid increase in volume this week. Glad to be a shareholder here!
MMs creating a trading range @ the price of the offering....When the offering is complete we will see where the stock is going...Retail traders selling into the arbitrage may be disappointed...I'm hanging in there....
Indaba Capital now owns 11,073, 780 shares 10.1%, now UPIP's largest shareholder. Over $18 million in new investment at ~1.66, plus the loan. Should be a floor to build on from here. I would like to see them make $100 million on their investment.
I don't expect much increase in the PPS until they announce some results. Past time, not one new significant deal in almost two years.