Hey jim.......I dont play this thing long......I trade it. I buy when its low and sell the pops.
I see it the exact same way you do. The PB in the water in Oregon will cause a pop. They will time the offering right after this pop. I will sell the pop, unless something changes between now and then.
Not buying until $1.75.....thats my target.
I know you covered after the last big announcement......did you re-short yet, or are you waiting for the PB in the water announcement?
We seem to be timing this thing the same with our trades.....me on the long end, you on the short. Perhaps we should both be doing both.....since they are both money making trades.
if they sell the shares to buy a utility or to produce these damn buoys ...and if its gets sold for around the $2 price range it at least validates that price, dilute or no dilute if they can sell say 10/20 million dollars worth of stock and use that $$ to make a solid revenue stream im pretty happy with 10k worth at 2 bucks a share.......long term how can you go wrong, great technology they have and GREAT partners !