The stock battled to try to stay over $7 all week, on no news. Thursday towards the close it got weak and dipped down as far as $6.85. Friday morning Frost released good news about the success of their mobile device and it's cloud connectivity in Africa. Our stock went right back to $7. You think this timing was coincidence? Or maybe one of Frost's many strategic ways to maintain and build our market cap... like his non stop insider buying. I think Frost has a lot more up his sleeve, to take our stock much much higher.
Junior you misread my post. The bounce on Friday had everything to do with the news that Frost released. But not the bounce on Thursday, that was all investors. Anyway, why do you think we will see new highs next week? I hope so, just curious your reasoning. Thanks. Good luck longs.
Dr. Frost is a multibillionaire & owns almost 50% of the stock with a 20% + short interest (almost 60 million shares). The best short is a break even (with borrowing costs & fees) and most of what I have seen for the last few months looks like most shorts are probably stuck $2 +. With everything that is in their pipeline we will see continual good news, each piece getting better, and this looks to be a $30 + stock to me.
Once again - he is a multibillionaire and these are people you don't fade - either get on their bandwagon or watch - shorting could be devestating on any given day with no way of getting out. I think alot of the negative views that are expressed here are sold out longs wanting back in.