I'm so excited.
As I realize profits from other investments, I pick up a thousand of two of AUXO.
This keeps going higher, defying gravity so to speak. I sense that there is steady underlying buying behind this rise. Just seems to act like it.
Perhaps something is in the works. Volume has jumped significantly over the past few days and we are hitting and closing at new highs.
Gotta be good.
365,000 shares traded in the 2.5 days after the presentation is the highest volume over such a span since the end of 2011 (excluding a couple of days that Director Leonard was buying). That said, I am agnostic on the price short term. There were obviously sellers of all those shares. Note that there are $1.8M of notes convertible at $1.00 that come due on 7/29/14 - 1.8M shares. There is also a bunch of warrants that expire this year, including what the 10K indicates are 325K to Sodexo expiring in June/July and exerciseable at $1.50. While I believe that most of the noteholders will convert to stock and hold it, it might not be 100%; and I am skeptical that Sodexo will retain the shares. I think the company may make $0.15 of EPS this year and eventually see $2+, but maybe not such a stock price until later in the year.